Monadelphous wins $200M BHP contract for Port Hedland car dumper. Work starts now, completion 2028. BHP's $1.4B project targets 305M tonnes. Alpha Score 70.
Monadelphous Group won a $200 million construction contract from BHP for the Port Debottlenecking Project 2 at Nelson Point in Port Hedland. The work covers structural, mechanical, piping and electrical installation for a new car dumper and supporting materials handling equipment. The contract is part of BHP's $1.4 billion infrastructure investment to sustain a 305 million tonnes per annum production target. Construction started six months ago; the new contract runs through 2028.
“We look forward to working closely with BHP to successfully deliver PDP2 and increase Port capacity,” Monadelphous managing director Zoran Bebic said. The award, he said, reflects the company's long-term customer relationships and delivery track record.
The read-through extends beyond BHP. Late July, Monadelphous's non-process infrastructure arm Kerman Contracting landed a $165 million contract with Rio Tinto for the Brockman Syncline 1 project in the Pilbara. Earlier in the same month, the company announced $200 million in new contracts with Fortescue and Santos. Monadelphous has now secured work with all four major Pilbara iron ore producers, a sign of sustained demand for engineering services in the region.
BHP carries an Alpha Score of 70 out of 100 on AlphaScala, rated Moderate. Rio Tinto, another key client, scores 62. Both fall in the Basic Materials sector.
MND was steady at $30.06 before the open, giving a market cap of $3.01 billion.
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