Monadelphous Group (ASX:MND) secured new construction and maintenance contracts exceeding AU$110 million, featuring significant projects for Rio Tinto Group (ASX:RIO) in Western Australia, a joint venture pipeline project in Queensland, and an extended maintenance agreement with Newmont's (ASX:NEM) gold operations, according to a Tuesday filing with the Australian bourse.
These contracts cover Rio Tinto's Parker Point Stockyard, the Fitzroy to Gladstone Pipeline joint venture, and a five-year maintenance extension at Newmont's Boddington and Tanami sites, the filing said.
The work on the Rio Tinto project is set to finish by mid-2026, while the pipeline contract is expected to finish toward the end of the year, the filing added.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.