Monadelphous Group flags Mondium’s new contract

Company News

by Anna Napoli

Monadelphous Group (ASX:MND) has announced Mondium, a company in which it holds a 60 per cent interest has been awarded a $100 million contract with Talison Lithium for the design and construction of a new tailing retreatment processing plant in Western Australia.

Under the deal, Mondium will carry out all engineering and design, procurement and site construction at Talison Lithium’s Greenbushes site.

This is Mondium’s largest contract to date and its second with Talison Lithium.

Monadelphous says the award of this contract is a great achievement for Mondium and highlights its strengthening position in the minerals processing engineering, procurement and construction market.

Shares in Monadelphous Group (ASX:MND) are trading 2.7 per cent lower at $18.35.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.