Australian civil and mining contractor NRW has ob-tained a letter of intent from Karara Mining in relation to a contract for mining services at the Karara iron ore mine in Western Australia. The potential deal is estimated to be worth about A$702 million (US$525 million) over a five-year period, the company said in a statement
“Located 200 km south-east of Geraldton in the Shire of Perenjori, Western Australia, Karara is the largest mining operation and the first major magnetite mine in the Mid West. It produces a premium, high-grade concentrate product for export to steelmakers,” according to the Perth-based business.
NRW said that the “works to be performed include Load & Haul, Drill & Blast and ROM Re-Handling with the drill & blast component to be undertaken by NRW’s wholly owned subsidiary, Action Drill & Blast Pty Ltd.”