Monadelphous wins $55m in new work

Monadelphous Group has been awarded three contracts in the mining, energy and renewables sectors, to the value of $55 million.

Burswood-based Monadelphous said today it had received a notice for the provision of mechanical decommissioning, demolition, civil, structural, mechanical and piping works at the Oyu Tolgoi copper mine in Mongolia.

Rio Tinto owns a 50 per cent stake in Oyu Tolgoi as operator.

Work is expected to be completed by early 2019.

The company has also won a contract with Technip Oceania, for piping modification and fabrication work, on the hook-up and commissioning phase of Shell Australia’s Prelude floating liquefied natural gas project in the Browse Basin, offshore Broome.

In the renewables sector, Monadelphous’ joint venture company with ZEM Energy – Zenviron – has won a contract to provide engineering, procurement, construction and commissioning of the 54 megawatt Salt Creek wind farm in Victoria for Tilt Renewables.

The contract will be carried out in a consortium with Vestas – Australian Wind Technology.

The project is expected to be completed in July 2018.

“The diverse nature of these contract awards underlines the success of the company’s markets and growth strategy,” Monadelphous managing director Rob Velletri said.

“We are particularly pleased to have secured an initial package of work on the Oyu Tolgoi underground project in Mongolia which highlights the continuing expansion of our core services overseas.”

Monadelphous shares were 0.7 per cent higher to $14.90 each at 10am.