25/02/2013 - 10:44

Monadelphous wins $260m Rio works deal

25/02/2013 - 10:44

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Monadelphous wins $260m Rio works deal

Engineering and construction firm Monadelphous Group has won a $260 million contract with Rio Tinto, for works at the Western Turner Brockman iron ore development in the Pilbara.

The contract will see Monadelphous supply and install structural, mechanical, piping, electrical and instrumentation works for the construction of the iron ore processing plant at the Western Turner Brockman mine.

“We are very pleased to have been awarded another important Rio Tinto iron ore project and to continue our long-standing involvement in the expansion of Rio Tinto’s Pilbara iron ore operations,” managing director Rob Velletri said.

The works are scheduled to be complete by the fourth quarter of this year.

Monadelphous shares were up 2.83 per cent on the ASX this morning, trading at $25.04 at 10:20AM, WST. 

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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