Highlights

  • Monadelphous was awarded a AUD 175 million construction contract by BHP for a car dumper project at Finucane Island in Port Hedland.
  • The contract includes civil, structural, mechanical, piping, and electrical works during a planned major shutdown.
  • Monadelphous shares were trading at AUD 27.64, up 2.11%, with gains of 60.05% over six months and 91.70% over one year.

Monadelphous Group Limited (ASX:MND) has announced that it has been awarded a major construction contract by BHP relating to a car dumper project at Finucane Island in Port Hedland, Western Australia. The contract covers a range of engineering and construction activities associated with a planned major shutdown at the site.

Details of the BHP Contract Award

The contract is valued at approximately AUD 175 million and includes civil, structural, mechanical, piping, and electrical works. The scope of work is focused on the replacement of key equipment during a scheduled shutdown, forming part of BHP’s ongoing infrastructure management at the Port Hedland facility.

The Finucane Island project is a critical component of BHP’s export operations in Western Australia. The planned shutdown will allow for the execution of equipment replacement works required to support continued operations at the site.

Scope of Engineering and Construction Works

Under the terms of the agreement, Monadelphous will deliver multidisciplinary construction services encompassing both structural and mechanical components, alongside associated electrical and piping installations. The project will be executed within the framework of a major shutdown, requiring coordination across multiple workstreams and adherence to scheduled timelines.

The car dumper replacement works involve the removal and installation of essential infrastructure used in bulk material handling operations at the port facility.

Company Background and Capabilities

Monadelphous Group is an Australian engineering company with more than 50 years of operational history. The company provides construction, maintenance, and industrial services to clients across the resources, energy, and infrastructure sectors.

The business operates through two core divisions. The Engineering Construction division delivers large-scale, multidisciplinary project management and construction services. The Maintenance and Industrial Services division focuses on mechanical and electrical maintenance, shutdown execution, fixed plant maintenance, and sustaining capital works.

Monadelphous is headquartered in Perth, Western Australia, with a major office in Brisbane, Queensland. The company maintains offices, projects, facilities, and workshops across Australia and internationally, including China, Mongolia, Papua New Guinea, Vietnam, and the Philippines.

Market Trading Update

At the time of reporting, Monadelphous shares were trading at AUD 27.64, up AUD 0.57, representing a 2.11% increase. Over the past six months, the stock has risen 60.05%, while the past year has recorded a gain of 91.70%.