Australia's Monadelphous eyes best week since mid-November on Rio Tinto contract
16/01/2026 24:49
** Shares of Monadelphous Group MND.AX rise as much as 1.1% to a record A$29.930 ** Stock on track for a fifth straight session of gains ** Stock has risen 9.5% so far this week, set for best week since the week ended Nov. 14 ** On Wednesday, engineering services co was awarded maintenance services contract worth A$300 million ($200.97 million) by Rio Tinto RIO.AX ** Stock up over 10% YTD ($1 = 1.4928 Australian dollars) (Reporting by Rajasik Mukherjee in Bengaluru) ((Rajasik.Mukherjee@thomsonreuters.com))
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