Monadelphous Group Secures New Contracts Worth $120M
Key points
- New five-year contract with Rio Tinto for mobile crane services
- Three-year contract for multidisciplinary sustaining capital services
- Construction of BESS at Fortescue's Cloudbreak mine site
- Panel appointment for structural and mechanical maintenance services
Full summary
Monadelphous Group Limited (ASX: MND) announced the award of new construction and maintenance contracts in the resources and renewable energy sectors valued at approximately $120 million. The contracts include a five-year agreement with Rio Tinto for mobile crane and lifting services across Pilbara port and mine facilities, a three-year contract for multidisciplinary sustaining capital services, a battery energy storage system construction at Fortescue's Cloudbreak mine, and a three-year panel appointment for structural and mechanical maintenance services at Port Waratah Coal Services.
Guidance
New contracts total approximately $120 million in aggregate.
Outlook
Monadelphous Group expects continued growth through new contracts in resources and renewable energy sectors.
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