NRW Holdings (ASX: NWH) has been granted a trading halt by the ASX pending the release of an announcement about a material contract award.
The company expects to make an announcement on or before the commencement of trading on Tuesday 15 November, 2011.
NRW provide a diverse range of specialist services to mining and resources organisations. These include civil construction and mining services, drill and blast services, the sale of heavy mining and ancillary equipment, and full equipment maintenance and repair capabilities.
The company was recently awarded a three year extension to its existing contract with Simfer SA, a wholly owned subsidiary of Rio Tinto (ASX: RIO).
The contract extension has an estimated value of $36 million annually. The company will provide ongoing construction of roads and drill pads at the Simandou Project in the Republic of Guinea, West Africa.