Adbri (ASX:ABC) signs supply deal with OZ Minerals

Company News

by Lauren Evans

Adbri (ASX:ABC) has signed an agreement with OZ Minerals (ASX:OZL) to supply cementitious materials to the OZ Minerals' Carrapateena mine in South Australia.

The contract value is around $10 million over a three-year term, with options to extend to 2027. In addition to the supply of cement, Adbri will also supply aggregate and sand from the company’s hard rock and sand quarries in South Australia, as well as providing logistics services. 

“Adbri is pleased to build on our long-term relationship with OZ Minerals. This contract is in addition to our existing agreement to supply the OZ Minerals Prominent Hill mine and demonstrates the strength of our local integrated manufacturing footprint serving the South Australian market,” said chief executive officer Nick Miller. 

Shares in Adbri (ASX:ABC) are trading 0.7 per cent lower at $2.91.

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.