Monadelphous books $120m in contracts

Monadelphous has secured a swag of resources and renewables contracts worth a total of $120 million, including work at Fortescue’s Cloudbreak mine in the Pilbara.

The ASX-listed engineering and mining services contractor told the market on Friday it had locked in work with Rio Tinto, Fortescue and Port Waratah Coal Services.

Rio Tinto awarded a new five-year panel contract for mobile crane and lifting services across its Pilbara port and mine facilities, as well as a three-year contract to continue providing multidisciplinary sustaining capital services.

The company also secured the construction contract for a battery energy storage system at Fortescue’s Cloudbreak mine; the company’s third BESS project for Fortescue.

That work is expected to be completed in the second half of this calendar year.

And Monadelphous has been appointed to three-year panel for structural and mechanical services at Port Waratah Coal Services in New South Wales’ Port of Newcastle.

The works come after Monadelphous secured over $145 million in new bookings last month, including works with Rio, BHP, Queensland Alumina Limited and Harmony Gold. 

Shares in Monadelphous were trading up 2.5 per cent at $30.07 at midday AWST on Friday.