NRW in line for $57m FMG contract

Mining services company NRW Holdings has received a letter of intent for a $57 million contract from Fortescue Metals Group for overburden mining and ore-rehandling at the Christmas Creek site.

In a brief statement, NRW said the expected duration of the contract will last some 15 months.

Today's news comes nearly four months after FMG suspended NRW's contract for the construction of the rail line from Cloudbreak to Christmas Creek, which was 47 per cent complete.

An FMG spokesperson told WA Business News that the company will "recommence that element of the expansion project when the board decides the iron ore market has rebounded to underpin expansion".

Mining activities at Christmas Creek is expected to start in May this year.