06/06/2008 - 08:29

Rio extends NRW contract

06/06/2008 - 08:29

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Welshpool-based NRW Holdings Ltd is pleased to advise that the agreement between NRW and Simfer S.A, a wholly owned subsidiary of Rio Tinto, has been extended through to December 31 2009

Welshpool-based NRW Holdings Ltd is pleased to advise that the agreement between NRW and Simfer S.A, a wholly owned subsidiary of Rio Tinto, has been extended through to December 31 2009.

The agreement deals with the provision of earthmoving services and associated civil works at the Simandou iron project in Guinea, West Africa.

The value of the contract over the extended period is approximately $75 million based upon existing plant and personnel currently working on the Project.

Additionally, NRW will be added to the S&P/ASX 200 list from June 20. The company has a market capitalisation of $542 million.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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