RE: MONDIUM SECURES MAJOR EPC CONTRACT WITH RIO TINTO

Page 1 of 1
  1. 70.5k
    Posts

    Please find attached a copy of a media release issued today by Mondium Pty Ltd (“Mondium”), an
    incorporated joint venture in which Monadelphous Group Limited (ASX:MND) is a 60 per cent
    shareholder.
    Mondium is an engineering, procurement and construction (“EPC”) service provider targeting and
    delivering EPC projects in the minerals processing sector.
    Mondium has been awarded a major contract, valued at approximately $400 million, with Rio Tinto for
    the design and construction of the Western Turner Syncline Phase 2 (WTS2) mine, located in the
    Pilbara region of Western Australia.
    Monadelphous Managing Director, Rob Velletri, said being chosen to partner with Rio Tinto to deliver
    these important mine expansion works was a great achievement for Mondium.
    “The award illustrates the strong progress Mondium has made in cementing itself as a preferred and
    trusted provider of EPC services. I would like to congratulate all involved in this historic win”.
    For further information, please refer to the attached media release.

    Mondium secures major EPC contract with Rio Tinto
    Mondium Pty Ltd (“Mondium” or “the Company”), a Perth-based engineering, procurement and
    construction (EPC) company, has been awarded a major contract, valued at approximately $400
    million, with Rio Tinto for the design and construction of the Western Turner Syncline Phase 2
    (WTS2) mine, located in the Pilbara region of Western Australia.
    Mondium will carry out all engineering and design, procurement and site construction works
    associated with the WTS2 development, including the process plant, overland conveyor and nonprocess infrastructure.
    Monadelphous and Lycopodium recognised the synergistic benefits they could bring by providing an
    end to end EPC delivery business for the resources sector in Australia.
    Mondium Managing Director, Andrew Carnie, said that the award is a major strategic milestone for the
    Company in its growth strategy.
    “Mondium has been working hard to execute projects successfully and prove our capability. We are
    thrilled to be making great strides in our growth strategy and to have secured this significant contract
    with Rio Tinto,” said Mr Carnie.
    The work will commence in the first quarter of 2020 and is expected to be competed in 2021.
    Mondium will work closely with Rio Tinto to provide local employment and business opportunities in
    the region.

    courtesy of Bell Direct

    --------------------------------------------------------------------------------------------------------------------

    ( DYOR )

    i hold LYL

    am in profit currently but has been a test of patience

    i bought this thinking our government would do more civil infrastructure spending ( back in 2014 ) sadly the government has dilly-dallied , and the first seeds of the next mining investment boom are showing ( but this is a s-l-o-w cycle , take your time if playing this cycle )

Your browser is too old for TopStocks and not secure. Please update your browser