Monadelphous Contracts Update
| Stock | Monadelphous Group Ltd (MND.ASX) |
|---|---|
| Release Time | 29 Jul 2025, 8:16 a.m. |
| Price Sensitive | Yes |
Monadelphous Wins $110M in New Contracts
- Awarded electrical and instrumentation construction contract for Rio Tinto's Parker Point Stockyard Sustaining Project
- Secured electrical and instrumentation works for Fitzroy to Gladstone Pipeline project
- Awarded 5-year extension to existing maintenance services contract with Newmont
Monadelphous Group Limited (ASX: MND), a leading Australian engineering group, has announced the award of new construction and maintenance contracts in the resources and infrastructure sectors valued at more than $110 million. The Company has been awarded a contract for the provision of electrical and instrumentation construction services at Rio Tinto's Parker Point Stockyard Sustaining Project near Dampier in Western Australia, with work expected to be completed in mid-2026. Additionally, Monadelphous has been awarded a contract by the McConnell Dowell Constructors and B.M.D. Constructions Joint Venture to provide electrical and instrumentation works associated with the Fitzroy to Gladstone Pipeline in Central Queensland, with the scope of work expected to be completed in late 2025. Furthermore, the Company has secured a five-year extension to its existing contract providing general mechanical and electrical maintenance services at Newmont's gold operations in Boddington, Western Australia, and Tanami, Northern Territory, where Monadelphous has been providing these services since 2015.
Monadelphous has not provided any high-importance, price-sensitive forward-looking financial metrics in the announcement.
Monadelphous has not provided any forward-looking outlook in the announcement.