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The latest update is out from Monadelphous Group Limited ( (AU:MND) ).
Monadelphous Group Limited has announced the award of new contracts worth approximately $150 million. These include a multidisciplinary construction contract for a replacement ammonium nitrate storage facility at Rio Tinto’s Brockman 4 mine in Western Australia, expected to be completed by mid-2026, and a three-year panel contract for water management works across Rio Tinto’s Pilbara operations. These contracts enhance Monadelphous’s position in the industry and strengthen its relationship with major client Rio Tinto, potentially impacting stakeholders positively.
More about Monadelphous Group Limited
Monadelphous Group Limited is a prominent Australian engineering group with over 50 years of experience, providing construction, maintenance, and industrial services to the resources, energy, and infrastructure sectors. The company operates two main divisions: Engineering Construction, which manages large-scale multidisciplinary projects, and Maintenance and Industrial Services, which focuses on mechanical and electrical maintenance services. Monadelphous is headquartered in Perth, Western Australia, with additional offices and facilities across Australia and internationally.
YTD Price Performance: 1.81%
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: €852.5M
Find detailed analytics on MND stock on TipRanks’ Stock Analysis page.
