NWH 0.26% $3.90 nrw holdings limited

Hello mmv621... with BGC Contracting ‘scratched ‘ off that list...

  1. 19,072 Posts.
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    Hello mmv621... with BGC Contracting ‘scratched ‘ off that list we are only left with Downer’s mining services division according to the Motley view.

    Bridget from The Australian’s been keen to sell that one too.
    Last December her sources (possibly Deutsche again as it is mentioned as busy there ) told her Chile group, Sigdo Koppers wanted if and not even the company’s authorised media spokesperson could deter her from the story
    ....However, Downer said at the time it had received no management buyout proposals.
    A company media spokesman also denied Wednesday that the two parties had been in talks about the mining division, despite speculation in the market that the Chilean group was potentially an eager buyer.
    “Downer’s Mining business is performing very well and we are not in discussions with any party, including from Chile, to sell it,” he said.
    One theory is that former Downer Mining boss Geoff Knox is working for a bidder, but others say that is not the case.

    https://www.theaustralian.com.au/bu...g/news-story/8b13377595e77a8be67b52feb5cfc2fc

    Then
    , early this year, Downer knocked back an offer from Oaktree Capital Management(for whom Geoff Knox was working for), because it was too low, and last heard, was (still) saying it was happy to keep the division.

    Why would ‘they’ want NRW to buy it ?
    Here are some recent contracts in case they shed light for someone else ;
    (I don’t think NRW even does underground mining?)
    “Downer wins $660m mining contract for Carrapateena
    April 17, 2018
    A six-and-a-half-year contract valued at $660 million has been awarded to Downer EDI by OZ Mineralsfor underground mining services at the Carrapateena copper-gold project located approximately 160 kilometres north of Port Augusta in South Australia.....https://blog.plantminer.com.au/downer-wins-660m-mining-contract-for-carrapateena-project

    It also has GRUYERE gold project as of December 2017
    Downer wins $400m WA gold mine contract
    Downer EDI will provide mining services at the Gruyere Gold Project in Western Australia after securing a five-year contract worth $400 million....https://www.sbs.com.au/news/downer-wins-400m-wa-gold-mine-contract

    And a Feb 2018 extension of a BHP contract working at Blackwater coal https://www.downergroup.com/downer-awarded-contract-at-blackwater-coal-mi

    Plus others
    Last edited by sabine: 23/05/19
 
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