By Robb M. Stewart
MELBOURNE--Mining industry contractor NRW Holdings Ltd. (NWH.AU)
said Monday the size of a contract for work on the inner harbor at
Port Hedland in Australia's iron ore-rich Pilbara region has been
scaled back by roughly 75 million Australian dollars (US$78
million) to A$80 million.
The company in a statement to the Australian stock exchange said
it had been notified by engineering firms Fluor Corp. (FLR) and
Sinclair Knight Merz that the scope of work on the project had been
reduced. It added the exact amount the contract will be reduced by
hadn't been concluded, but it didn't expect it to impact its
full-year guidance.
Fluor and SKM are working with BHP on the mining company's
multi-billion dollar plans to grow its iron ore production and
export capacity in Western Australia.
According to NRW's website, A$170 million in work on the inner
harbor for mining giant BHP Billiton Ltd. (BHP) began in June 2011
and included laying rail lines, building roads and other
construction. The company in May said it had secured a A$129
million contract for BHP's project to help expand existing stock
yards.
Write to Robb M. Stewart at robb.stewart@wsj.com
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