Australian phosphate miner CI Resources rises on new contract, investment

PRL Global

26/11/2019 03:02

** Shares of CI Resources  CII.AX  rise as much as 9.5% to
A$1.270, their biggest intraday percentage gain since Sept 16
    ** The phosphate miner says its unit has secured a
three-year contract with the Department of Home Affairs for
Facilities Management Services for all detention centre assets
on Christmas Island  urn:newsml:reuters.com:*:nASX96HKvS
    ** Co expects to sustain viable mining operations on
Christmas Island project until late-2020 
    ** In addition, co says it has finalised an investment in
Pacific Biofert Fertlizers, a biological fertiliser company
based in New Zealand
    ** Stock hits highest since Oct 29; down 1.7% this year, as
of last close

 (Reporting by Shruti Sonal in Bengaluru)
 ((Shruti.Sonal@thomsonreuters.com;))