Engineering company Monadelphous Group (ASX:MND) reports it has secured new contracts and contract extensions totalling about $125 million.
The company has been awarded two 5-year contracts for the provision of maintenance services and sustaining capital projects, both with 2-year extension options, at Albemarle Lithium’s operations in Kemerton, Western Australia.
Monadelphous reports the award of this work builds on the ‘strong’ relationship developed with Albermarle through the construction phase of the project, during which the company provided ‘large-scale’ structural, mechanical and electrical, and instrumentation services.
“Since the beginning of the financial year we have secured approximately $1.1 billion in new contracts and contract extensions”
Additionally, the company has been awarded a number of contracts with Rio Tinto’s (ASX:RIO) iron ore operations in the Pilbara region of Western Australia.
These include the replacement of an overland conveyor belt at the Western Turner Syncline mine, and a 2-year extension to an existing contract for the provision of marine infrastucture maintenance services and minor projects at the Cape Lambert and Dampier ports.
Commenting on the contract, Monadelphous Managing Director Zoran Bebic said: “Since the beginning of the financial year we have secured approximately $1.1 billion in new contracts and contract extensions, highlighting the strength of our customer relationships and our reputation for reliable delivery.”
Monadelphous has also secured a contract under its BHP WA Iron Ore Site Engineering Panel Agreement to conduct bridge bearing replacements in the Port Headland region of Western Australia.
In addition, Alevro, Monadelphous’ heavy lifting services joint venture with Fagioli, has secured a contract with Bechtel to provide haulage and lifting services at Woodside’s Pluto Train 2 Project in Karratha, Western Australia.
Monadelphous Group is an engineering group headquartered in Perth, Western Australia. The company provides construction, maintenance, and industrial services to the resources, energy, and infrastructure sectors.