Monadelphous Contracts Update

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Stock Monadelphous Group Ltd (MND.ASX)
Release Time 22 May 2026, 8:15 a.m.
Price Sensitive Yes
 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.