Monadelphous Secures $140m in New Contracts
Monadelphous is a leading Australian engineering group providing construction, maintenance and industrial services to the resources, energy and infrastructure sectors. They are involved in some of Australia’s biggest and most complex projects and facilities. Reflecting their position as one of the top leaders in their chosen markets, the Group announced today, 7 May 2014, through an ASX Announcement that Monadelphous Group Limited has secured maintenance services contracts with major customers in the resources and energy markets. The contracts have a combined value of approximately $140 million.
Monadelphous’ contracts consist of the following: 1) A three-year Maintenance Services Framework Agreement with BHP Billiton Nickel West. This agreement includes a two-year extension option, and covers both mechanical and electrical services across all of BHP Billiton Nickel West’s operations in Western Australia (WA); 2) A two-year extension of an onsite services contract at BHP Billiton’s Olympic Dam operation in South Australia, where Monadelphous has been working for more than 20 years; 3) A new one-year contract with Rio Tinto Coal and Allied for dragline and shovel shutdowns at their Mount Thorley Warkworth and Hunter Valley Operations sites in New South Wales. The agreement includes extension options of up to four years; and 4) A one-year extension to the onsite services contract with BP at Kwinana, WA.
“These contracts and contract extensions will support our recurring revenue base and reflect the importance we place on developing and maintaining long-term relationships with customers in our core markets,” says Monadelphous Managing Director Rob Velletri.
Unmanned train to allow Vale to reopen iron ore plant
Brazilian miner Vale SA will be able to resume operations at its Timbopeba iron ore dry processing plant in up to two months thanks to the use of an unmanned train, the company said in a statement this week.
Vale - Timbopeba iro ore plant
With the train, Timbopeba will be able to operate at least at 80% of its capacity of 33,000 tonnes of iron ore “fines” per day, reports Reuters.
Vale was forced to shut down the plant in the Alegria mine complex recently after labor authorities in Minas Gerais state banned activities close to the Xingu dam due to concerns of a risk of collapse.
Vale said access by workers and vehicles continues to be suspended in the flood zone of the dam due to the ban even though it remains at emergency level 2, which means there no imminent risk of rupture.
But some workers are allowed entry under strict security precautions and they will get the unmanned train going once it has been tested, which would take between one and two months, the company said.
The unmanned train will travel automatically along 16 kilometers (10 miles) of track operated by a system that can control the speed and activate the brakes, Vale said.
Vale announces first ore at Voisey’s Bay mine extension
Vale has reached the milestone of first ore production at the Reid Brook deposit at the Voisey’s Bay mine expansion project in Northern Labrador, Canada - recognised as the safest mine in Canada.