Australia's Pacific Lime and Cement rises on Papua New Guinea govt buying stake in project

Pacific Lime and Cement

27/07/2026 03:35

** Pacific Lime and Cement's PLA.AX shares rise as much as 1.3% to A$0.38, set to log its best session since July 20, if trend holds
** Energy company says the Government of Papua New Guinea exercised its equity participation rights in Co's Central Lime Project for $16.3 million
** This was in accordance with the Project Development Agreement that was executed on March 12
** Papua New Guinea government now holds a 13% equity interest in company's unit Mayur Industrials PNG 
** Including session's move, stock up ~23% YTD 
     

 (Reporting by Anjali Singh in Bengaluru)
 ((anjali.singh2@thomsonreuters.com;))