Monodelphous gets 3 new construction projects 11:40, Thursday, 1 November 2007
Sydney - Thursday - November 1: (RWE Aust Business News) - Monadelphous Group Ltd (ASX:MND) has secured three new construction projects with a total value of approximately $180 million. The projects are Rio Tinto's (ASX:RIO) Cape Lampert upgrade, expected to be completed in late 2008,BHP's (ASX:BHP) Rapid Growth Project 4 - Finucane Island Stockyard upgrade, scheduled for completion in early 2009 and Oxiana's (ASX:OXR) Prominent Hill gold mine project, to be completed in the middle of 2008. "Oxiana is a new client for us and we are very pleased to be associated with this significant resource project in South Australia," managing director Robert Velletri said. "... It's also pleasing to secure ongoing work with long-term customers BHP Billiton and Rio Tinto Iron Ore... The Cape Lambert contract follows the work we have successfully completed for Rio Tinto Iron Ore on Phase A and B of their Dampier Port upgrade. "The work for BHP Billiton Iron Ore follows on from two large projects we are in the process of completing for RGP3, one at Nelson Point and Finucane Island in Port Hedland, and the other at Mining Area C."
MND Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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