Monadelphous Contracts Update
Monadelphous Group Limited (ASX: MND) today announced it has secured a number of new construction and maintenance contracts in the resources sector totalling approximately $200 million.
Monadelphous’ fabrication business, SinoStruct, has secured a new four-year agreement to supply wellsite equipment to Origin Energy. The packaged equipment is used to separate, meter and control coal seam gas for the Australia Pacific LNG plant located in Gladstone, Queensland. SinoStruct has been supplying packaged and modularised equipment to Origin Energy since 2015.
In Queensland, Monadelphous has been awarded a new three-year contract with Queensland Alumina Limited to continue to provide general mechanical maintenance services at its operations in Gladstone. The Company has also secured a 10-month extension to its existing contract with BHP Mitsubishi Alliance for provision of dragline shutdown and maintenance services to its operations in the Bowen Basin.
Monadelphous has secured a number of contracts in the iron ore sector in the Pilbara region of Western Australia, including two contracts with BHP under its existing WAIO Site Engineering Panel Agreement. The first is for the refurbishment of cells and rotating equipment on BHP’s Nelson Point Car Dumper 1 with work expected to be completed in the fourth quarter of 2021, and secondly, an extension to the haul road at the Jimblebar mine, with work expected to be completed in the second quarter of 2022. A contract has also been secured with Rio Tinto for construction associated with the Marandoo Dewatering Sump Project, with work expected to be completed in the first quarter of 2022.