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Pacific Lime and Cement Limited ( (AU:PLA) ) has issued an announcement.
Pacific Lime and Cement Limited has signed a Project Development Agreement with the Papua New Guinea government for the Central Lime and Cement Project. This agreement, which marks a significant milestone after a decade of collaboration, outlines the terms for project implementation and state equity participation, including fiscal incentives and special economic zone status. The project is recognized as nationally significant, promising long-term value for stakeholders and enhancing the company’s industry positioning.
More about Pacific Lime and Cement Limited
Pacific Lime and Cement Limited operates in the construction materials industry, focusing on the production and supply of quicklime and cement. The company is involved in significant infrastructure projects, particularly in Papua New Guinea, where it aims to support national development through its flagship projects.
Average Trading Volume: 1,196,628
Technical Sentiment Signal: Sell
Current Market Cap: A$219.5M
Learn more about PLA stock on TipRanks’ Stock Analysis page.