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The latest announcement is out from Monadelphous Group Limited ( (AU:MND) ).
Monadelphous Group Limited has secured a series of new construction and maintenance contracts and extensions in the resources sector worth about $145 million, bolstering its work pipeline across iron ore, copper, alumina and gold operations. The awards include a Rio Tinto contract to design and install a new dust collector and ventilation system at the Paraburdoo iron ore mine in Western Australia, with completion targeted for early 2027.
The company has also won a two-year extension for mechanical and electrical maintenance, shutdown and project services at BHP’s Olympic Dam operation in South Australia, reinforcing its long-term role at the major copper and uranium site. In Queensland, Monadelphous extended and expanded its more than 30-year relationship with Queensland Alumina Limited, adding demolition and power generation work to its mechanical maintenance and shutdown services.
Further diversifying geographically, Monadelphous secured a contract from Harmony Gold to build a Cyclone Dewatering Plant and associated pipeline at the Hidden Valley Gold Mine in Papua New Guinea. The cluster of awards underscores the company’s entrenched position as a key service provider to tier-one resource operators and is likely to support revenue visibility and regional growth in its core maintenance and construction markets.
The most recent analyst rating on (AU:MND) stock is a Hold with a A$33.85 price target. To see the full list of analyst forecasts on Monadelphous Group Limited stock, see the AU:MND Stock Forecast page.
More about Monadelphous Group Limited
Monadelphous Group Limited is a leading Australian engineering group providing construction, maintenance and industrial services to the resources, energy and infrastructure sectors. It operates through Engineering Construction and Maintenance and Industrial Services divisions, and runs offices, projects and facilities across Australia and in several Asia-Pacific countries.
Average Trading Volume: 288,494
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$2.96B
For an in-depth examination of MND stock, go to TipRanks’ Overview page.