Rio awards $43m contract to NRW

Welshpool-based NRW Holdings has won a contract worth $43 million from Rio Tinto Ltd subsidiary Hamersley Iron for its Brockman 4 iron ore project.

In a short statement to the market, the mining contractor said the contract includes the construction of Brockman rail line extension with works to include rail formation, culverts and tunnel overpasses.

Construction is expected to take around 38 weeks.

Shares in NRW were down 3c to $2.02 at 11am AEST.