A West Australian joint venture has secured a $400 million engineering, procurement and construction contract with Pilbara iron ore miner Rio Tinto.
On Monday the miner announced Mondium, a joint venture between Perth-based public companies Monadelphous and Lycopodium, had been awarded the contract to design and construct its Western Turner Syncline Phase 2 mine near Tom Price.
Rio Tinto ticked off on the $1 billion project in November 2019. It will include mining of existing and new deposits and the construction of a new crusher, as well as a 13-kilometre conveyor.
Rio Tinto Iron Ore chief executive Chris Salisbury has previously said the WTSP2 mine would not increase overall production, but rather sustain the company’s operations in the greater Tom Price area.
The work will start this quarter and is expected to create 450 jobs. Completion is scheduled for next year.
Monadelphous and Lycopodium formed the Mondium joint venture in 2016 to target the mining sector.
Mondium is involved in several lithium projects, including a chemical plant and tailings retreatment project at the Talison Greenbushes mine in WA’s south west.
Mondium managing director Andrew Carnie said the company had been working hard to execute projects successfully and prove its capability.
“We are thrilled to be making great strides in our growth strategy and to have secured this significant contract with Rio Tinto,” he said.
Mr Salisbury said the company had several development projects in the pipeline that would provide opportunities for local companies.
Source: Thanks smh.com