Australia's Wagners Holding rises on haulage services contract

Wagners Holding

18/11/2021 04:26

** Shares of cement manufacturer Wagners Holding Co Ltd
 WGN.AX  rise as much as 4.4% to A$1.775, set for biggest
intraday percentage gain since Oct. 27
    ** Co secures services contract with McArthur River Mining
for the haulage of zinc and lead concentrate from McArthur River
Mine in Northern Territory  urn:newsml:reuters.com:*:nASX4s3yDy
    ** Under contract, co will load and haul up to 3 mln tonnes
of materials between the mine site, the Bing Bong Loading
Facility in NT and Mount Isa Mine processing facility in
Queensland over a three year term
    ** Co expects contribution to revenue to be about A$33 mln
($23.99 mln) over the contract term 
    ** Shares hit their highest since Nov. 1
    ** Volumes are two times the 30-day average of 117,184
shares
    ** As of last clsoe, stock down 9.1% this year

($1 = 1.3753 Australian dollars)

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))