Monadelphous wins orders worth $160 million
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The news: Engineering firm Monadelphous Group has been awarded new contracts and extensions contracts.
The numbers: The contracts are worth a total of $160 million, the company said.
The context: Monadelphous said these contracts include two one-year extensions for fixed plant maintenance services and sustaining capital projects across Rio Tinto’s iron ore operations in the Pilbara region. It has also secured a contract for the fabrication, supply, installation and commissioning at Rio Tinto’s Tom Price mine, with work expected to be completed by mid-2025.
It has also won a new three-year contract for the provision of minor project works at South32’s Worsley Alumina operations in Western Australia, on the back of the maintenance and shutdown services contract extension announced last month.
Inteforge, Monadelphous’ fabrication business, has also secured a contract for the supply and fabrication of structural steelwork and pipe racks for Iluka’s Eneabba Rare Earth’s Refinery Project in WA, with work scheduled for completion in mid-2025.
The source: ASX
