NRW Holdings wholly owned subsidiary, Golding Contractors Pty Ltd, has signed a four-year extension to the existing Contract Mining Agreement (CMA) it has in place with Aberdare Collieries Pty Ltd, a subsidiary of CS Energy Pty Ltd.
Under the terms of the CMA the term is extended until June 30, 2030, with an option for CS Energy to extend the contract up to a further two years.
The value of the four-year extension including mine plan scope changes is approximately A$245 million ($162 million).
Golding will supply all major equipment under the CMA with the extension requiring new capital spend of approximately A$10M in its 2025 financial year. It will also continue to employ up to 100 people at the project, most of which live in the local Chinchilla or broader southeast Queensland regions.
Aberdare Collieries owns the Kogan Creek open-cut mine in the Surat Basin of southern Queensland. The mine supplies their adjacent Kogan Creek Power Station with approximately 2.5 Mt/y of coal.
Golding undertook civil works for the initial construction of the mine before becoming the mine operator in 2006.