Australia's Monadelphous Gets Contracts From Rio Tinto, Chevron
30 January 2012 - 2:59PM
Dow Jones News
Engineering concern Monadelphous Group Ltd. (MND.AU) said Monday
it has received construction contracts together worth more than
A$180 million from Rio Tinto PLC (RIO) and Chevron Corp. (CVX).
The contracts take the value of new work secured by Monadelphous
this financial year to more than A$1.5 billion, Monadelphous said
in a statement.
The Perth-based company said it will build a potable water
supply system in Western Australia's Pilbara region for Rio Tinto
that will deliver 10 gigaliters a year. Work is due to begin this
quarter and is set for completion in the first half of next year,
it said.
The second contract is for the construction of a CO2 injection
pipeline and well sites on the Gorgon Project, on Western
Australia's Barrow Island. Monadelphous said the work will include
seven kilometers of underground pipeline, five well sites and
associated facilities.
Work will begin immediately and is set for completion in the
first quarter of 2013, it said.
-By Robb M. Stewart, Dow Jones Newswires; +61 3 9292 2094;
robb.stewart@dowjones.com