salvation
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
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( 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 )