METS

Monadelphous plays the field, scores long-term relationships

MONADELPHOUS has secured $A140 million in maintenance contracts and extensions with BHP Billiton,...

Andrew Duffy
Monadelphous plays the field, scores long-term relationships

The contracts include a three-year maintenance agreement with BHP for mechanical and electrical services across Nickel West’s operations in Western Australia.

It has also secured a two-year extension for an onsite services contract at BHP Billiton’s Olympic Dam operation, at which site Monadelphous has been working for more than 20 years.

Also locked in is a one-year contract with Rio Tinto Coal and Allied for dragline and shovel shutdowns at the Mount Thorley Warkworth and Hunter Valley Operations sites in New South Wales.

The agreement includes extension options of up to four years.

A one-year extension to a services contract with BP at Kwinana in Perth has also been signed.

“These contracts and contract extensions will support our recurring revenue base and reflect the importance we place on developing and maintaining long-term relationships with customers in our core markets,” Monadelphous managing director Rob Velletri said.

In February Monadelphous notched a record net profit of $87.1 million for the first half of the financial year.

Monadelphous shares were last trading 0.1% lower at $17.95.

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

Mining Company ESG Index: Benchmarking the Future of Sustainable Mining

The Mining Company ESG Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.