Pacific Lime and Cement Says Papua New Guinea National Executive Council Ratifies Project Development Agreement

MT Newswires Live

Mar 13

Pacific Lime and Cement (ASX:PLA) said the project development agreement for the Central lime and Central cement projects was formally ratified by Papua New Guinea's National Executive Council, and executed by the Governor-General, as Head of State, according to a Friday Australian bourse filing.

The lime project is under construction, with an around 400,000 tonne-per-annum quicklime facility being built. Newmont (ASX:NEM) is contracted for around one-third of the nameplate capacity.

The development includes a 5,000 tonne-per-day clinker manufacturing facility, with around 1.65 million tonnes-per-annum cement grinding capacity.

The Papua New Guinea government will acquire up to an 18% stake in the Central lime project for $23.14 million, and up to a 30% stake in the cement project at the agreed net present value.

Its shares fell 2% in recent trading on Friday.

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Newmont (ASX:NEM) is contracted for around one-third of the nameplate capacity.</p><p>The development includes a 5,000 tonne-per-day clinker manufacturing facility, with around 1.65 million tonnes-per-annum cement grinding capacity.</p><p>The Papua New Guinea government will acquire up to an 18% stake in the Central lime project for $23.14 million, and up to a 30% stake in the cement project at the agreed net present value.</p><p>Its shares fell 2% in recent trading on Friday.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7104","symbol_name":"黄金","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2619550291","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2619550291","pubTimestamp":1773364441,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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Newmont (ASX:NEM) is contracted for around one-third of the nameplate capacity.The development includes a 5,000 tonne-per-day clinker manufacturing facility, with around 1.65 million tonnes-per-annum cement grinding capacity.The Papua New Guinea government will acquire up to an 18% stake in the Central lime project for $23.14 million, and up to a 30% stake in the cement project at the agreed net present value.Its shares fell 2% in recent trading on Friday.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}