Monadelphous Group (ASX:MND) has secured a major long-term maintenance services contract with mining giant Rio Tinto (ASX:RIO), valued at approximately $300 million over five years.
Under the agreement, the ASX-listed engineering company will continue providing fixed plant and shutdown services, including general mechanical and access services, across Rio Tinto's (ASX:RIO) iron ore operations in the Pilbara region of Western Australia.
Managing Director Zoran Bebic said the award reflects Monadelphous' strong reputation for safe and reliable service delivery, noting the company has supported Rio Tinto's Pilbara operations for more than three decades.
The contract further strengthens Monadelphous' position as a leading maintenance services provider to the resources sector.
At the time of reporting, Monadelphous Group's share price was $29.14.