Monadelphous Group Secures AU$300 Million Maintenance Contract With Rio Tinto
MT Newswires Live
Jan 14
Monadelphous Group (ASX:MND) secured a major long-term maintenance services contract with Rio Tinto Group (ASX:RIO), valued at around AU$300 million over five years, according to a Wednesday filing with the Australian bourse.
The contract involves the ongoing delivery of fixed plant and shutdown services, including general mechanical and access work, across Rio Tinto's Pilbara iron ore operations in Western Australia, 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.