Australia's SciDev climbs on supply deal with Iluka Resources

Scidev

05/01/2023 24:33

** Shares of SciDev Ltd  SDV.AX  rise as much as 13.8% to
A$0.41 - highest level since April 27
    ** Wastewater treatment co says it has secured a 3-yr
contract with Iluka Resources  ILU.AX  for supply of its
'MaxiFlox' chemistry to ILU's Cataby Operation in Western
Australia
    ** Says contract is expected to generate about A$14 mln
($9.55 mln) over life of the contract
    ** ALK set for best day since July 22
    ** Stock fell ~39% YTD in 2022
($1 = 1.4656 Australian dollars)
 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com))