Monadelphous Group signs new contract with Rio

Company News

by Rachael Jones

Engineering company Monadelphous Group (ASX:MND) today announced it has been awarded a major construction contract with Rio Tinto (ASX:RIO).

This is in association with the West Angelas Deposits C and D Project, located in the Pilbara region of Western Australia.

The contract is expected to be over $100 million and includes the supply and installation of structural, mechanical, piping and electrical and instrumentation works associated with the construction of new iron ore facilities, as well as modifications to existing plant.

The work will commence immediately and is expected to be completed in April 2021.

Shares in Monadelphous Group (ASX:MND) are trading 1.18 per cent lower at $18.38.