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Australia's Monadelphous at nearly 2-week high after bagging multiple contracts

By Reuters News

** Shares of Monadelphous Group MND.AX gain as much as 2.2% to A$28.92, their highest level since October 16

** Engineering firm secures new contracts valued at around A$150 million ($105.42 million) in the resources sector

** Company has secured a four-year contract to continue providing maintenance services and to work on minor projects on Rio Tinto RIO.AX ’s marine infrastructure at the Dampier, Cape Lambert Ports in Western Australia

** Co awarded contract with BHP BHP.AX associated with Ministers North Project in Pilbara, Western Australia

** Stock is up 8% YTD, including the session's moves

($1 = 1.4229 Australian dollars)

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