# NRW subsidiary Golding to acquire HSE Mining contract and assets for A$85M

NRW Holdings subsidiary Golding Contractors will acquire the mining services contract, fleet and employees from HSE Mining at Stanmore Resources' South Walker Creek mine in Queensland for A$85 million, less assumed employee liabilities of about A$15.3 million.

- Type: Acquisition
- Announced: 2024-06-12
- Where: Isaac region, Queensland, Australia
- Value: $56.0M (85.0M AUD)
- Jobs: 550
- Status: announced
- Products: mining services, heavy mining equipment
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [NRW Holdings](https://endata.com/companies/20658.md) (acquirer)
- [Golding Contractors](https://endata.com/companies/38494.md) (acquirer)
- [Stanmore Resources](https://endata.com/companies/40435.md) (customer)
- [HSE Mining](https://endata.com/companies/77986.md) (target)

## Sources

- [miningweekly.com](https://www.miningweekly.com/article/nrw-acquires-hse-mining-contract-and-assets-for-a85m-2024-06-12), 2024-06-12: "NRW, through our Golding and Action Drill and Blast businesses, has had a long association with Stanmore and I look forward to our teams continuing to deliver industry-leading services."
- [im-mining.com](https://im-mining.com/2024/06/12/nrws-golding-to-take-contract-mining-reins-at-stanmores-south-walker-creek-mine/), 2024-06-12: "I am delighted that NRW has been successful in acquiring the HSE Mining assets and inventory and securing the novation of the mining services contract with Stanmore at South Walker Creek."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.