Purchase a fillip to business rebuild

BUYING an east coast-focused mining group has played a major role in a mining contractor’s fight back.

Purchase a fillip to business rebuild Purchase a fillip to business rebuild Purchase a fillip to business rebuild Purchase a fillip to business rebuild Purchase a fillip to business rebuild

Jules Pemberton addressing Diggers & Dealers 2018.

NRW CEO Jules Pemberton said the acquisition of Golding was transformational for NRW, which shrank like a lot of its peers post the last resources construction boom.

Pemberton said Golding increased the company's commodity and geographic diversification, expanded its inhouse skilled labour pool, and added a promising "urban" business arm.

"[The acquisition has] doubled the size of our business and brought considerable strategic benefit to the group," he said.

NRW is forecasting 40% growth in revenue in FY19 to $1.1 billion having already secured about $950 million of that work for the period.

Available surplus equipment within the group, and good relationships with plant hirers, should keep capex commitments low in the next 12 months.

"The Gold...