Parkway Secures $2 Million Mine Dewatering Contract with Tier-1 Global Miner

Contract Highlights Scale and Complexity

Parkway Corporate Limited (ASX:PWN) has secured a $2 million contract to design, engineer, fabricate, and supply mine pit dewatering equipment for a major global mining company. The client, ranked among the world’s top 10 miners by market capitalisation, will use Parkway’s equipment to process up to 5 million litres of acidic and complex mine wastewater per hour; roughly the volume of two Olympic swimming pools every hour. This sizeable scope underscores Parkway’s capability in delivering industrial-scale wastewater solutions.

Integrated Delivery Across Multiple Divisions

The project taps into Parkway’s integrated project delivery platform, involving its Melbourne-based project management arm PPSMelbourne, fabrication and containerisation by subsidiary Tankweld, and local support from PPS-Darwin. This coordinated approach allows Parkway to mobilise its full suite of capabilities to meet the demanding technical and environmental requirements of mine rehabilitation projects.

Near-Term Revenue and Contract Terms

Parkway expects to recognise all revenue related to this contract within the first half of FY27, with a scheduled completion date of 30 November 2026. Payment milestones commence immediately, with standard net 30 end-of-month terms and no payment retention or bank guarantees required. While the client remains unnamed, Parkway confirms the miner’s strong creditworthiness, citing a market capitalisation exceeding US$100 billion and a robust cash position.

Strategic Positioning Amid Expanding Opportunities

Group Managing Director & CEO Bahay Ozcakmak highlighted the project’s significance, noting Parkway’s ability to deliver specialised, high-performance equipment such as acidic pit water resistant floating pump pontoons. He emphasised the company’s growing footprint in mine rehabilitation, a sector with numerous emerging opportunities across Australia. Concurrently, Parkway is advancing other major projects, including a municipal resource recovery contract and its flagship Queensland Brine Management Complex, positioning the company at the forefront of industrial wastewater treatment innovation.

Parkway’s Broader Industrial Water Strategy

This contract win complements Parkway’s ongoing investments in process technology R&D and commercialisation, particularly in industrial wastewater treatment. The company’s dual focus on conventional water treatment operations and cutting-edge process technologies reflects a strategic commitment to tackling complex water sustainability challenges. The integrated delivery model demonstrated in this project may serve as a blueprint for future large-scale contracts.