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Pacific Lime and Cement Limited (ASX:PLA)

ALERT: Price-sensitive ASX Announcement for PLA
Current share price for PLA : $0.365 0.08 (28.07%)+
Announcement
Release
16 Feb 2026 11:23AM
Price at Release
$0.285
Full Release
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Summary
Pacific Lime and Cement Limited (PLA) announced a long-term quicklime offtake agreement with Newmont Corporation, a leading gold producer, for its operations in Papua New Guinea. This agreement positions Newmont as a cornerstone customer, securing approximately one-third of the Central Lime Project’s production capacity. The collaboration promotes local quicklime production, replacing imports and supporting PNG's economic and ESG goals by enhancing supply-chain resilience, reducing transport emissions, and fostering local employment. The framework is a multi-year arrangement, anticipated to commence post-construction of the Central Lime Project, highlighting Newmont's commitment to sustainable and locally sourced industrial inputs.
Key Points
  • Long-term quicklime offtake agreement with Newmont Corporation.
  • Newmont as cornerstone customer for Central Lime Project.
  • Agreement secures one-third of project’s production capacity.
  • Supports PNG's local manufacturing and ESG objectives.
  • Multi-year arrangement commencing post-construction.
  • Enhances supply-chain resilience and reduces transport emissions.
  • Significant milestone for local industrial development in Papua New Guinea.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.