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MONADELPHOUS GROUP LIMITED — Capital/Financing Update 2013
Feb 10, 2013
65357_rns_2013-02-10_47778f2f-8d86-47cb-9aee-ede166667d96.pdf
Capital/Financing Update
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11 February 2013
Company Announcements Australian Securities Exchange Limited Level 4, 20 Bridge Street SYDNEY NSW 2000 AUSTRALIA
Dear Sir / Madam
RE: CONTRACT UPDATE
Please find attached a copy of the announcement to be issued today by Monadelphous Group Limited regarding construction and maintenance work in the oil and gas, iron ore and water sectors with a combined value of approximately $140 million.
Yours sincerely,
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Philip Trueman Company Secretary
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ASX RELEASE
11 February 2013
CONTRACT UPDATE
Leading engineering group Monadelphous Group Limited (ASX:MND) (“Monadelphous” or “the Company”) today announced it has been awarded contracts for construction and maintenance work in the oil and gas, iron ore and water sectors with a total value of approximately $140 million.
The Company, through wholly owned subsidiary KT Pty Ltd, has secured a contract for the engineering, procurement and construction of the gas export pipeline for the Ichthys Project onshore LNG facilities in Darwin, Northern Territory. This agreement is with JKC Australia LNG Pty Ltd, a joint venture between Japan-based JGC Corporation and Chiyoda, and KBR (Kellogg Brown & Root Pty Ltd), headquartered in the USA. The contract is valued at approximately $90 million and is scheduled to be completed in early 2015.
The other work comprises:
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Engineering, procurement and construction, in joint venture with pipeline design partner OSD, of a pipeline and delivery station for the Cape Lambert Petroleum Gas Pipeline for Rio Tinto in Western Australia (WA). The work is scheduled to be completed in the second half of the 2014 calendar year;
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Design, construction and commissioning works to upgrade the Maleny Sewage Treatment Plant in Queensland for Unitywater. Work on the plant has commenced and is expected to be completed in the second half of the 2014 calendar year; and
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A 12-month extension to the general maintenance services contract with Chevron Australia for its oil operations at Barrow Island and Thevenard Island, WA.
| Further Information Analysts/Investors Rachael Cutler Investor Relations Manager +61 8 9315 7429 +61 457 539 985 [email protected] |
Media Brett Lane Group Communications Manager +61 8 9315 7385 +61 411 177 809 [email protected] |
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Monadelphous Group Limited is a leading Australian engineering group providing services to the resources, energy and infrastructure industry sectors. The company has a solid track record in the safe and effective delivery of complex and large-scale engineering construction projects and maintenance and industrial services for industry throughout Australia. For more information or to join our free email alerts service visit: www.monadelphous.com.au