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Monadelphous Group Secures AU$150 Million in New Resources Contracts

MT Newswires Live10-28 08:13

Monadelphous Group (ASX:MND) secured around AU$150 million in new contracts with Rio Tinto Group (ASX:RIO), BHP Group (ASX:BHP), and Whitehaven Coal (ASX:WHC) for maintenance, infrastructure, and shutdown services across Western Australia, Queensland, and New South Wales, according to a Wednesday filing with the Australian bourse.

The awards include a four-year contract to continue providing maintenance services and delivering minor projects on Rio Tinto's marine infrastructure at the Dampier and Cape Lambert ports in Western Australia, per the filing.

The company has also secured a BHP contract for temporary infrastructure facilities and associated services at the Ministers North Project in Western Australia's Pilbara region, with work expected to finish by mid-2028, the filing said.

Additionally, it has secured a three-year contract, with an option for a two-year extension, to continue providing shutdown services at Whitehaven Coal's mine sites across Queensland and New South Wales, the filing added.

Monadelphous' shares rose 1% in recent Wednesday trade.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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