Monadelphous to build Rio mine

Engineering and industrial powerhouse Monadelphous (ASX: MHD) is to take part in the construction of the new Western Turner Syncline Phase 2 mine operated by Rio Tinto in the Pilbara.

The company’s 60 per cent owned subsidiary, Mondium won the contract valued at $400 million for the engineering, procurement and construction of the mine and processing plant.

Mondium, a joint venture between Monadelphous and Lycopodium, will work on the processing plant, overland conveyors and process infrastructure.

Monadelphous managing director Rob Velletri congratulated Mondium on the win, saying it cemented the company’s position as a trusted provider of engineering services.

Monadelphous is a diversified engineering, manufacturing and maintanance business employing 6000 people in Australia and nearby countries including Papua New Guinea and China.

The company operates in two divisions of Engineering Construction and Maintenance Industrial Services.

Work on the new contract will commence in the first quarter and be completed in 2021.

Picture: Monadelphous

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