Monadelphous Group Limited (ASX:MND) has signed new construction and maintenance contracts with Rio Tinto Limited (ASX:RIO), (NYSE:RIO) and Xstrata worth approximately $230 million.
The contracts relate to six separate projects, set to finish in the second half of the 2012 calendar year.
The contracts bring the value of Monadelphous’ new work secured in the first half of the financial year to $730 million.
In the 2011 financial year Monadelphous reported a net profit of $95 million.
