Oct 11 (Reuters) - Sirius Minerals PLC SXX.L :
* SUPPLY AND DISTRIBUTION AGREEMENT WITH MUNTAJAT
* MUNTAJAT IS A STATE-OWNED QATARI COMPANY WHICH MARKETS AND DISTRIBUTES APPROXIMATELY 9 MILLION TONNES OF FERTILIZER PER ANNUM
* 10-YEAR SUPPLY, DISTRIBUTION AGREEMENT WITH MUNTAJAT INTO AFRICA, AUSTRALIA, NEW ZEALAND, CERTAIN MIDDLE EASTERN AND ASIAN TERRITORIES
* DEAL PROVIDES FOR DISTRIBUTION OF POLY4 FOR 10-YEAR TERM THAT BEGINS FROM COMMERCIAL OPERATIONS, INCLUDES 5-YEAR EXTENSION OPTION
* EXPECTS AGREEMENT TO DELIVER PRICING IN LINE WITH ITS AVERAGE PRICE EXPECTATIONS ACROSS CURRENT SUPPLY AGREEMENT PORTFOLIO
* MAY TERMINATE MUNTAJAT'S RIGHTS IN DEAL FOR SPECIFIC TERRITORY,IF IT FAILS TO DISTRIBUTE 75% OF MINIMUM VOLUMES OVER 3-YEAR ROLLING PERIOD
* MUNTAJAT HAS RIGHT TO TERMINATE AGREEMENT IN EVENT THAT CO DOES NOT MEET CERTAIN FINANCING OR OPERATIONAL MILESTONES