Australia's SciDev eyes best day in 4 weeks on Iluka contract

Scidev

03/02/2023 02:56

** Shares of Australia's SciDev Limited  SDV.AX  rise as
much as 9.8% to A$0.450, set to mark their best day since Jan.
6, if gains hold  
    ** Stock hits the highest since Jan. 11 
    ** Environmental solutions co says it has been awarded a new
three-year contract with Iluka Resources LTD  ILU.AX  for A$14
mln ($9.88 mln)
    ** Says contract for the supply of MaxiFlox® chemistry to
Iluka's Jacinth-Ambrosia Operation in South Australia
    ** MaxiFlox® is SDV's range of chemistry products that are
specifically designed for the treatment of wastewater
    ** Iluka shares are up as much as 1.1%   
    ** SDV has risen 9.3% this year, as of last close
($1 = 1.4172 Australian dollars)
 (Reporting by Nausheen Thusoo in Bengaluru)
 ((Nausheen.Thusoo@thomsonreuters.com;))