Image Sourced Monadelphous Group
The Market Herald - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

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

MND by the numbers
More From The Market Herald

Empire Energy picks up former NSW AGL gas plant for Carpentaria

Empire Energy (ASX:EEG) has announced its acquisition of the Rosalind Park gas plant from AGL (ASX:AGL)…

AML3D inks contract with defence giant BAE

Metallic-based 3D printing specialist AML3D (AL3) has announced its execution of a contract with multinational defence…

Invictus Energy locks in rig on-site Zimbabwe acreage for 2 years

Invictus Energy (IVZ) shares are up 3 per cent in the first half hour of trades…

Microcap Byron Energy clocks 2Kbbl/d from Gulf of Mexico offshore platform

Byron Energy's (BYE) share price has seen decent gains on Tuesday with news production from Gulf…