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MONADELPHOUS GROUP LIMITED — Capital/Financing Update 2019
Mar 27, 2019
65357_rns_2019-03-27_55045350-bd2e-4218-923a-446c390537f2.pdf
Capital/Financing Update
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28 March 2019
Company Announcements Australian Securities Exchange Limited Level 4, 20 Bridge Street SYDNEY NSW 2000 AUSTRALIA
Dear Sir / Madam
RE: MONADELPHOUS SECURES SECOND CONSTRUCTION CONTRACT AT BHP’S SOUTH FLANK PROJECT
Please find attached a copy of an announcement to be issued today regarding the award of a further construction contract at BHP’s South Flank Project in the Pilbara region of Western Australia.
Yours sincerely,
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Philip Trueman
Company Secretary
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ASX RELEASE
28 March 2019
MONADELPHOUS SECURES SECOND CONSTRUCTION CONTRACT AT BHP’S SOUTH FLANK PROJECT
Engineering company Monadelphous Group Limited (ASX: MND) (“Monadelphous” or “the Company”) today announced it had been awarded a second construction contract, valued at $104 million, at BHP’s South Flank Project in the Pilbara region of Western Australia.
The contract includes structural, mechanical, piping and electrical and instrumentation works associated with the project’s inflow infrastructure, and brings the total value of work secured by Monadelphous on this project to $212 million. Work under the inflow infrastructure contract is expected to start immediately and be completed by March 2021.
Monadelphous Managing Director, Rob Velletri, said the award of a second contract at South Flank enables Monadelphous to realise efficiency synergies between the two packages of work, and underlined the strength of its long-term relationship with BHP.
“We are pleased to secure further work on this significant project and look forward to continuing our long track record of successfully working with BHP,” Mr Velletri said.
Further Information
Analysts/Investors Media Kristy Glasgow Kirsty Mobilia Investor Relations Marketing and Communications T +61 8 9316 6386 T +61 8 6311 1051 M +61 403 781 909 M +61 413 170 777 [email protected] [email protected]
About Monadelphous
Monadelphous Group Limited (ASX: MND) is a leading Australian engineering group providing construction, maintenance and industrial services to the resources, energy and infrastructure sectors. The Company has two operating divisions − Engineering Construction, providing large-scale multidisciplinary project management and construction services, and Maintenance and Industrial Services, specialising in the planning, management and execution of mechanical and electrical maintenance services, shutdowns, fixed plant maintenance services and sustaining capital works.
Monadelphous is headquartered in Perth, Western Australia, with a major office in Brisbane, Queensland, and projects, facilities and workshops across Australia and in New Zealand, China, Mongolia, Papua New Guinea and the United States of America. Please visit www.monadelphous.com.au for further information.