⌛ Did you miss ProPicks’ 13% gains in May? Subscribe now & catch June’s top AI-picked stocks early.Unlock Stocks

BRIEF-Sirius Minerals Announces Supply And Distribution Agreement With Muntajat

Published 11/10/2019, 10:49 pm
Updated 11/10/2019, 10:50 pm
© Reuters.  BRIEF-Sirius Minerals Announces Supply And Distribution Agreement With Muntajat
SXX
-

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

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.