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MONADELPHOUS GROUP LIMITED — Capital/Financing Update 2019
Feb 17, 2019
65357_rns_2019-02-17_216a4f0b-07e4-4df9-8b6a-8d8ba6bebe3c.pdf
Capital/Financing Update
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18 February 2019
Company Announcements Australian Securities Exchange Limited Level 4, 20 Bridge Street SYDNEY NSW 2000 AUSTRALIA
Dear Sir / Madam
RE: MONADELPHOUS SECURES MAJOR 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 major 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
18 February 2019
MONADELPHOUS SECURES MAJOR 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 major construction contract at BHP’s South Flank Project in the Pilbara region of Western Australia.
The contract, which is valued at $108 million, includes structural, mechanical, piping and electrical and instrumentation works associated with the project’s outflow infrastructure. Work will commence immediately, and is expected to be completed by May 2021.
Monadelphous Managing Director, Rob Velletri, said the contract award demonstrated the strength of the Company’s long-term relationship with BHP, as well as its proven track record of reliably and safely delivering large, multidisciplinary construction projects.
“BHP has been one of our core customers, for both construction and maintenance projects, for more than 20 years. We are looking forward to partnering with them on this strategically important project, and continuing to build on our proven construction capability within the iron ore sector in the Pilbara,” Mr Velletri said.
“Monadelphous continues to provide a broad range of community support initiatives throughout the Pilbara, including offering local employment and supply opportunities”.
The work is expected to provide approximately 400 employment opportunities.
Further Information
Analysts/Investors Kristy Glasgow Investor Relations T +61 8 9316 6386 M +61 403 781 909 [email protected]
Media
Zoey Patmore Marketing and Communications T +61 8 6311 1018 M +61 406 543 989 [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.