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November 15, 2021

Golding signs contract extension for Australia’s Kogan Creek Mine

The $150m contract mining agreement includes an option for CS Energy to extend the term for up to a further four years.

NRW Holdings firm Golding Contractors has secured a contract extension for the Kogan Creek mine in Australia beyond 30 June 2022.

The contract mining agreement (CMA) has been signed with CS Energy subsidiary Aberdare Collieries.

According to the new arrangement, Golding will provide all major plants and equipment that require $11m in new capital spending in the first year.

The CMA term is extended by four years until 2026 and is valued at nearly $150m. CS Energy has the option to extend the contract for up to an additional four years to 2030.

NRW CEO and managing director Jules Pemberton said: “This extended agreement is the longest continuous contract in Golding’s proud history.

“Golding has now successfully negotiated four contract extensions with four different clients in the last six months demonstrating the business’ goal to work with our clients to deliver sustained value.”

For Golding and CS Energy, the contract extension marks the third mining contract term and life-of-mine to date at the open-cut mine.

NRW CEO and managing director Jules Pemberton said: “This extended agreement is the longest continuous contract in Golding’s proud history.

“Golding has now successfully negotiated four contract extensions with four different clients in the last six months, demonstrating the business’ goal to work with our clients to deliver sustained value.”

Located in the Surat Basin of southern Queensland, around 15km south of the township of Brigalow, the Kogan Creek open-cut mine is owned by CS Energy.

The mine supplies nearly 2.5Mtpa of coal to the adjacent Kogan Creek Power Station.

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