Monadelphous Group Limited (ASX:MND) has scored a $150 million contract from Rio Tinto Limited (ASX:RIO) and Hancock Prospecting Pty Ltd.
The contract is for construction work at the Hope Downs 4 Iron Ore Project in Western Australia.
Monadelphous will undertake structural, mechanical and piping for the 15 million tonnes per annum Greenfields mine processing plant.
The work is scheduled to start straight away and be completed by the second quarter of 2013.
In the 2011 financial year Monadelphous Group increased its net profit by 14 per cent to $95 million.
