Golding Contractors wins mining services pact for Stanwell Meandu coal mine
NRW Holdings Limited’s wholly-owned subsidiary, Golding Contractors Pty Ltd, has signed a Mining Services Agreement (MSA) with TEC Coal Pty Ltd at the Stanwell Meandu coal mine in Queensland, Australia.
The MSA has a total value of approximately A$750 million ($502 million) over a 5.5-year term commencing in January 2026, consisting of a six-month mobilisation phase and a five-year operational phase.
Under the terms of the MSA the major mining fleet will be provided by TEC Coal Pty Ltd. Golding’s scope covers whole-of-mine management, including the operation and maintenance of three fleets of principal-supplied heavy mining equipment, the operation and maintenance of a principal-supplied dragline, the operation and maintenance of the processing plant, statutory responsibilities and mine planning.
The current MSA, which was awarded to Downer in 2020 and transferred to BUMA Australia in 2021, will conclude on June 30, 2026, Stanwell said in a separate release. Meandu will continue to supply coal to the Tarong power stations through to at least 2035, supported by ongoing exploration and the proposed King 2 East expansion project, it added.
NRW Chief Executive Officer, Jules Pemberton, said: “This award is reflective of Goldings’ excellent reputation for the delivery of safe and efficient contract mining services. The capital light structure of the contract aligns with our strategy of reducing the capital intensity of our contract mining operations and positions the group well to be able to deliver continued value to our shareholders.”
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