Australia's ABx Group rises on signing bauxite supply agreement

ABx

11/09/2023 01:42

** Shares of ABx Group  ABX.AX  rise as much as 4.8% to
A$0.087, gaining the most since Aug 3
    ** Bauxite explorer says signs 5-year Bauxite supply
agreement with Adelaide Brighton Cement Limited
    ** Co says the deal sees a supply of 90,000-120,000 tonnes
of bauxite over a five-year term its Bauxite Project in northern
Tasmania
    ** Adds first shipment anticipated in Q1 2024
    ** Stock down 27.8% this year as of last close 
    


 (Reporting by Navya Mittal in Bengaluru)
 ((navya.mittal@thomsonreuters.com))