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MONADELPHOUS GROUP LIMITED — Capital/Financing Update 2021
Aug 16, 2021
65357_rns_2021-08-16_3f62a607-6da4-4354-8de8-dd6234c6c758.pdf
Capital/Financing Update
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17 August 2021
Company Announcements Australian Securities Exchange Limited Level 4, 20 Bridge Street SYDNEY NSW 2000 AUSTRALIA
Dear Sir / Madam
RE: MONADELPHOUS CONTRACTS UPDATE
Please find attached a copy of an announcement to be issued today by Monadelphous Group Limited regarding the award of new construction and maintenance contracts in the resources and energy sectors valued at approximately $200 million in total.
Authorised by
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Philip Trueman Company Secretary
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ASX RELEASE
17 August 2021
MONADELPHOUS CONTRACTS UPDATE
Engineering company Monadelphous Group Limited (ASX: MND) (“Monadelphous” or “the Company”) today announced it has secured new construction and maintenance contracts in the resources and energy sectors valued at approximately $200 million in total.
Monadelphous’ fabrication business, SinoStruct, has secured a new four-year agreement to supply wellsite equipment to Origin Energy. The packaged equipment is used to separate, meter and control coal seam gas for the Australia Pacific LNG plant located in Gladstone, Queensland. SinoStruct has been supplying packaged and modularised equipment to Origin Energy since 2015.
In Queensland, Monadelphous has been awarded a new three-year contract with Queensland Alumina Limited to continue to provide general mechanical maintenance services at its operations in Gladstone. The Company has also secured a 10-month extension to its existing contract with BHP Mitsubishi Alliance for provision of dragline shutdown and maintenance services to its operations in the Bowen Basin.
Monadelphous has secured a number of contracts in the iron ore sector in the Pilbara region of Western Australia, including two contracts with BHP under its existing WAIO Site Engineering Panel Agreement. The first is for the refurbishment of cells and rotating equipment on BHP’s Nelson Point Car Dumper 1 with work expected to be completed in the fourth quarter of 2021, and secondly, an extension to the haul road at the Jimblebar mine, with work expected to be completed in the second quarter of 2022. A contract has also been secured with Rio Tinto for construction associated with the Marandoo Dewatering Sump Project, with work expected to be completed in the first quarter of 2022.
In Chile, Monadelphous’ maintenance and construction services business, Buildtek, has secured a construction contract with Codelco for work associated with the development of a new underground section of the El Teniente copper mine in Rancagua. Work is expected to be completed in the first quarter of 2023.
Monadelphous Managing Director, Rob Velletri, said these new contracts and extensions continued to demonstrate the Company’s solid track record of delivering for its customers. “We are pleased to have secured this work and look forward to continuing to build on our valued long-term customer relationships.”
Further Information
Analysts/Investors Media Kristy Glasgow Ella McCarthy Investor Relations Group Manager - Marketing and Communications T +61 8 9316 6386 T +61 8 6311 1018 M +61 403 781 909 M +61 401 404 874 [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 offices, projects, facilities and workshops across Australia and in New Zealand, China, Mongolia, Papua New Guinea, Chile and the Philippines. Please visit www.monadelphous.com.au for further information.