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Engineer wins Sino Iron build work

Posted by: Admin | Posted on: July 29th, 2014 | 0 Comments

Heavyweight Australian engineering and maintenance services group Monadelphous has secured more new work in a generally flat domestic market, winning a construction contract with Chinese-owned Sino Iron worth A$160 million (US$150 million) at Cape Preston, near Karratha in Western Australia.

Monadelphous will complete structural, mechanical and piping installation and commissioning works associated with primary and secondary magnetic separation and ball mill facilities in several concentrator lines at the Sino Iron site, with work to start immediately.

Technical problems with huge SAG mills at the site have been the focus of much angst for Sino Iron in recent years during the protracted commissioning of its $8 billion magnetite iron venture.

Monadelphous (ASX: MND), which had a market capitalisation this week of about A$1.47 billion (US$1.38 billion), recently announced contract wins and extensions with BHP Billiton at Nickel West in WA and Olympic Dam in South Australia, and a new one-year mobile mining equipment maintenance contract with Rio Tinto Coal in the Hunter Valley, New South Wales.

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