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Papyrus Australia Ltd ( (AU:PPY) ) has shared an announcement.
Aquirian Limited’s subsidiary, TBS Mining Solutions, has signed a contract with Papyrus Australia Limited for the production of biodegradable Collar Keeper® products. This contract, valued at approximately $4.2 million over three years, aims to enhance mining efficiency and sustainability by reducing plastic waste and improving safety. The product aligns with Aquirian’s Bootless Bench® vision, offering a greener alternative for blasthole stabilisation and setting a new standard for responsible mining practices.
More about Papyrus Australia Ltd
Aquirian Limited is a mining services company that provides innovative drill and blast solutions globally, focusing on optimising blast hole outcomes, reducing costs, and improving environmental performance. Its subsidiary, TBS Mining Solutions, offers tailored solutions and equipment, including the patented Collar Keeper® Product and System. Papyrus Australia Ltd is a leader in sustainable solutions, transforming agricultural waste into eco-friendly materials using patented technology.
Average Trading Volume: 1,271,771
Technical Sentiment Signal: Sell
Current Market Cap: A$4.82M
For an in-depth examination of PPY stock, go to TipRanks’ Overview page.