Contract engineer NRW Holdings Ltd said that iron ore miner Fortescue Metals Group Ltd has authorized it to recommence construction of its Cloudbreak-Christmas Creek rail spur in Western Australia.
The contract had been suspended on November 26th 2008, because construction had been deferred.
NRW in a statement said that "Works remaining under the contract are valued at approximately USD 45 million.”
(Sourced from money.ninemsn.com.au)
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