Monadelphous locks in new contracts worth $160m

Monadelphous Group Limited (ASX: MND) has announced the award of new contracts and extensions totalling around $160m.

The engineering group has been awarded two one-year contract extensions for fixed plant maintenance services and sustaining capital projects across Rio Tinto’s iron ore operations in the Pilbara, WA.

Monadelphous has also secured a fabrication, supply, installation and commissioning contract at the global miner’s Tom Price mine, with work completion expected in mid-2025.

South32’s Worsley Alumina operations in southwest WA has awarded a new three-year contract for the provision of minor project works at site, on the back of the maintenance and shutdown services contract extension announced last month. Monadelphous has been providing services at Worsley Alumina for nearly two decades.

Inteforge, Mondadelphous’ fabrication business, has secured a contract for the supply and fabrication or structural steelwork and pipe racks for Iluka Resources’ (ASX: ILU) Enneaba rare earths refinery project in WA, with scheduled completion of mid-2025.