Brief: Incitec Pivot Enters New Long Term Gas Supply Agreement For Ammonium Nitrate Plant In Moranbah

QPM Energy

16/05/2023 09:52

May 16 (Reuters) - Incitec Pivot Ltd  IPL.AX :
    * ANNOUNCES ENTRY INTO A NEW LONG TERM GAS SUPPLY AGREEMENT
FOR
ITS AMMONIUM NITRATE PLANT IN MORANBAH
    * NEW GAS SUPPLY AGREEMENT WILL COMMENCE IN APRIL 2026
FOLLOWING
EXPIRY OF DNM'S CURRENT DEAL AND CONTINUE UNTIL AT LEAST MARCH
2033
    * DYNO NOBEL MORANBAH PTY WILL PROVIDE FINANCIAL SUPPORT TO
QUEENSLAND PACIFIC METALS IN FORM OF GAS PREPAYMENT FACILITY OF
UPTO A$80 MILLION
    * ARRANGEMENTS INCLUDE FULL SECURITY PACKAGE WHERE DNM'S GAS
SUPPLY AND FUNDING DEALS ARE SECURED AGAINST GAS PRODUCING
ASSETS OF MGP
    * NEW GAS SUPPLY AGREEMENT IS EXPECTED TO SUSTAIN LONG-TERM
COMPETITIVE ADVANTAGE OF DNM'S MORANBAH AMMONIUM NITRATE PLANT

Source text for Eikon:  ID:nASX3cVlsp 
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