Monadelphous Group Limited (ASX: MND) has won AU$125 million worth of new contracts and contract extensions, including two five-year lithium contracts in Western Australia with two-year extension options for Albemarle Lithium's operations in Kemerton. The company will provide maintenance services and sustaining capital projects. The contracts come after Monadelphous provided large-scale structural, mechanical and electrical and instrumentation services during the construction phase of the project.
The company also won a contract to replace an overland conveyor belt at the Western Turner Syncline mine, as well as a two-year extension to an existing contract for the provision of marine infrastructure maintenance services and minor projects at the Cape Lambert and Dampier ports with Rio Tinto's iron ore operations in the Pilbara region of Western Australia. Finally, Alevro, Monadelphous' heavy lifting services joint venture with Fagioli, secured a contract with Bechtel to provide haulage and lifting services at Woodside's Pluto Train 2 project in Karratha, Western Australia.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.