Business
NRW (ASX:NWH) share price rises on Fortescue deal
The NRW Holdings Limited (ASX: NWH) share price is heading higher today.
At the time of writing, shares in the diversified resources company are up 3.32%, trading for $2.02. To compare, the S&P/ASX 200 Index (ASX: XJO) is 0.4% higher.
Today’s price lift comes as the company announces new contracts today with mining companies Fortescue Metals Group Limited (ASX: FMG) and Strandline Resources Ltd (ASX: STA).
Fortescue contract
In today’s announcement, NRW Holdings advised it has been awarded a $27.2 million contract for the design and construction of a primary crushing plant (PCP) at Fortescue’s Cloudbreak iron ore mine in Western Australia.
This is the third time NRW has done business with Fortescue, after delivering the…
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