Monadelphous books $140m in contracts

Victoria Park-based engineering company Monadelphous Group has secured more work with Shell, Fortescue and Rio Tinto through contracts and extensions worth more than $140 million.

The company’s statement to the market said it had secured contracts and extensions totalling more than $140 million, for work in the resources and energy sectors.

Monadelphous was awarded a two-year extension to an existing contract for midstream maintenance and turnaround services at Shell QGC’s Curtis Island operations in Gladstone, Queensland.

It was also awarded a two-year extension for a contract to provide mechanical maintenance services at Queensland Alumina Limited’s operations.

Rio Tinto holds an 80 per cent stake in Queensland Alumina Limited while Russian company Rusal owns the remaining 20 per cent.

Monadelphous has also been appointed to a panel providing fixed plant projects across Fortescue Metals Group’s Pilbara operations until August 30 2025, with a one-year extension option.

The company was previously appointed to a panel providing non-process infrastructure services for Fortescue’s Pilbara operations in 2022.

Monadelphous’ shares were trading down 2.15 per cent at $13.65 each as of 2.08pm AEDT today.