Australia’s Monadelphous Wins $120M New Mining and Renewable Energy Contracts
Synopsis
Monadelphous Group secured approximately $120 million in new contracts across Australia’s mining and renewable energy sectors, strengthening its partnerships with Rio Tinto and Fortescue. The engineering company won major work including a five-year crane services agreement in the Pilbara, a three-year maintenance extension with Rio Tinto, and a battery energy storage system project at Fortescue’s Cloudbreak mine. The company said the contracts reflect growing demand for mining infrastructure and decarbonisation projects. Monadelphous has continued expanding into renewable energy and battery storage opportunities, helping drive a strong 69% rise in its share price over the past year.
Monadelphous announced $120 million in mini- and renewable-energy contracts. It is strengthening its business types with Rio Tinto and also works towards a large battery storage project.
Key Highlights
- Monadelphous won contracts totalling approximately $120 million
- There are new crane and maintenance contracts from Rio Tinto
- The company continues to broaden its reach in renewable energy projects.
- Monadelphous surges 11.6pc after Q1 revenue doubles over pcp
Monadelphous secures major new contracts in mining and renewables
Monadelphous Group Ltd announced that it has won a $120 million contract for new construction and maintenance in the Australian minerals and renewable energy sectors. The engineering company announced a series of significant deals, including a five-year panel contract to supply crane and lifting services across Rio Tinto's Pilbara operations.
The announcement of the contract follows Monadelphous’ recent win with Rio Tinto, where the company secured a three-year extension for multidisciplinary sustaining capital services, further extending the relationship between one of Australia’s leading service companies and one of the world’s largest mining groups.
The Fortescue Battery Energy Storage Project to Build Momentum
A large portion of the new work consists of constructing a battery energy storage system project at Fortescue’s Cloudbreak mine site. Monadelphous said this was its third battery energy storage system (BESS) project for Fortescue, and that investment by mining houses in decarbonising solutions continues to grow.
The appointment also includes a three-year structural and mechanical maintenance panel with Port Waratah Coal Services at Newcastle. The Cloudbreak BESS project is likely to be ready in the second half of FY26.
Growth Driven by Strong Client Relations
According to Monadelphous, the most recent wins signal its strategy of growing key customers through long-term relationship building, alongside growth in infrastructure and renewable energy opportunities. The business is still increasing its exposure to mining services, battery storage projects, and broader decarbonisation activity in Australia and overseas. Monadelphous shares have soared about 69% over the last year, powered by the company’s momentum and outpacing the S&P/ASX 200 Index (ASX: XJO), which is up about 3%.
FAQs
- Monadelphous' has won how much in new contract?
It had won approximately $120 million in new contracts.
- Which clients did it secure contracts with during this period?
New work awarded to Rio Tinto, Fortescue and Port Waratah Coal Services
- Monadelphous wins which big renewable energy project?
The company was awarded a battery energy storage system project at Fortescue's Cloudbreak mine.
- How have Monadelphous shares performed recently?
Those have gone up approximately 70% in the last year.
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