Monadelphous Wins Major $250M Construction Contract with Rio Tinto
Key points
- Awarded major $250 million construction contract with Rio Tinto
- Contract includes fabrication, earthworks, concrete, structural, mechanical, piping and electrical works
- Work to commence immediately and expected to be completed in 2027
Full summary
Monadelphous Group Limited (ASX: MND) has announced that it has received a Notice of Award for a major construction contract with Rio Tinto associated with the Brockman Syncline 1 iron ore development in the Pilbara region of Western Australia. The multidisciplinary contract, valued at approximately $250 million, includes fabrication and supply, detailed earthworks and concrete, structural, mechanical, piping and electrical and instrumentation works associated with the construction of a new primary crusher and overland conveyor, as well as modifications to existing plant. Work under the contract will commence immediately and is expected to be completed in 2027. Monadelphous Managing Director Zoran Bebic said the award highlighted the Company's strong relationship with Rio Tinto and its proven capability in delivering large-scale construction projects. Monadelphous is a leading Australian engineering group providing construction, maintenance and industrial services to the resources, energy and infrastructure sectors.
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