Monadelphous
ASX-listed engineering firms Monadelphous Group and Lycopodium have entered into an incorporated EPC joint venture called MONDIUM.

MONDIUM will target and deliver engineering, procurement and construction (EPC) projects in the minerals processing sector.

MONDIUM brings together the complementary strengths, resources and experience of Monadelphous’ multidisciplinary engineering and construction capabilities with Lycopodium’s technical expertise and minerals project delivery experience.

Headquartered in Perth, MONDIUM will be led by Bob Osmetti, a founding partner of Lycopodium, with extensive minerals construction and engineering experience.

Operating for over 35 years, Monadelphous constructs major projects and maintains and improves facilities in the resources, energy and infrastructure sectors through safe, reliable, innovative and cost-effective service solutions in Australasia.

Established in 1992, Lycopodium specialises in the evaluation and delivery of mineral processing projects across the globe and is internationally recognised for its innovative, high quality services and project solutions.

Monadelphous MD, Rob Velletri, says MONDIUM was an integrated partnership between a leading engineer and constructor with the capability, skills and experience required for EPC delivery.

“MONDIUM has been established specifically to deliver EPC minerals projects domestically and in selected international markets; supporting our strategy to expand our services in our core markets,” says Velletri.

Lycopodium MD, Peter De Leo, comments: “MONDIUM was a collaboration between two groups with track records of quality and surety in delivery in their respective areas.”

“Based on our strong prior working relationship and the aligned cultures of each joint venture partner, MONDIUM will bring to the EPC market an organisation built on the shared strengths and values of both Lycopodium and Monadelphous,” says De Leo.

Furthermore, MONDIUM aims offer and deliver to its customers’ capital cost effective designs and quality construction with operational benefits, all supported by low cost offshore engineering and procurement centres.

The company notes that existing Monadelphous services, being supply and install construction only works, and Lycopodium’s engineering, including EPCM and project evaluation studies, will not be affected by this announcement.