MND.ASX: Kerman secures Rio Tinto design and construction contract

Kerman secures Rio Tinto design and construction contract

Stock	Monadelphous Group Ltd (MND.ASX)
Release Time	31 Jul 2026, 8:15 a.m.
Price Sensitive	Yes

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Monadelphous Group Secures Contract with Rio Tinto

Key Points

Monadelphous Group awarded contract to Kerman Contracting
Contract valued at approximately $165 million
Work to commence in 2026 and expected to be completed in 2028

Full Summary

Monadelphous Group Limited announced that its wholly-owned subsidiary, Kerman Contracting, has been awarded a contract by Rio Tinto for the design and construction of non-process infrastructure facilities at the Brockman Syncline 1 project in Western Australia. The contract, valued at approximately $165 million, includes the development of a heavy mine equipment workshop and various maintenance facilities. Work is set to begin in 2026 and is expected to be completed by 2028. This contract underscores Kerman's expertise and strengthens Monadelphous' forward order book.

Guidance

Contract value: approximately $165 million; Completion: 2028

Outlook

The contract award reflects Kerman's expertise and strengthens Monadelphous' forward order book, positioning the company for continued growth.