Monadelphous Group Wins New Contracts Totaling AU$120 Million

MT Newswires Live

May 22

Monadelphous Group (ASX:MND) secured new construction and maintenance contracts in the resources and renewable energy sectors, totaling AU$120 million, according to a Friday filing with the Australian bourse.

The company won a five-year panel contract with Rio Tinto (ASX:RIO) for mobile crane and lifting services across its Pilbara port and mine facilities in Western Australia, and a three-year contract to continue providing multidisciplinary sustaining capital services, the filing said.

The company also secured a contract for the construction of a battery energy storage system at Fortescue's Cloudbreak mine site, with work expected to be completed in the second half of the year.

Additionally, the company was appointed to a panel to provide structural and mechanical maintenance services for Port Waratah Coal Services at the Port of Newcastle, New South Wales, for three years, per the filing.

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