Perth-based NRW Holdings’ wholly-owned subsidiary Golding Contractors, Gladstone, has signed a five-year contract phosphate mining extension with Southern Cross Fertilisers, a unit of Incitec Pivot Ltd., Southbank, according to Bloomberg. Golding’s mining contract at Phosphate Hill will extend to Sept. 6, 2026.
The expected contract extension value is anticipated to be A$110-$120 million over the term. Golding’s existing mining fleet will continue to operate in the mine and gypsum operations, with new capital spend limited to replacement of select light and medium vehicles.