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MND secures BHP’s new $104M project

Energy, Industrial, The Market Herald
ASX:MND      MCAP $1.309B
28 March 2019 04:06 (AEST)

Image Sourced Monadelphous Group

Engineering company Monadelphous Group Limited has been awarded a second construction contract, valued at $104 million, at BHP’s South Flank Project in the Pilbara.

This deal brings the total revenue to $212 million for Monadelphous, with the contract including electrical, piping, structural and mechanical work. Production is expected to begin immediately with the completion of the South Flank Project expected in 2021.

“The award of a second contract at South Flank enables Monadelphous to realise efficiency synergies between the two packages of work and underlined the strength of its long-term relationship with BHP.

“We are pleased to secure further work on this significant project and look forward to continuing our long track record of successfully working with BHP,” Mr. Rob Velletri Monadelphous Managing Director, said.Please find announcement attached

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