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Pacific Lime and Cement Limited ( (AU:PLA) ) has issued an update.
Pacific Lime and Cement Limited has secured formal ratification and execution of a Project Development Agreement by Papua New Guinea’s National Executive Council and Governor-General, establishing a sovereign framework for its Central Lime and Central Cement projects. The agreement defines the long-term development, fiscal, equity and regulatory settings for PNG’s first integrated lime and cement manufacturing platform, viewed by the government as a nation-building industrial precinct.
Under the framework, the Stage 1 Central Lime Project, a fully funded 400,000 tonnes per annum quicklime facility already under construction, will supply a portion of its output under contract to Newmont and support planned expansion from two to five kilns. The PNG government will take equity stakes of up to 18% in the lime project and up to 30% in the cement project, cornerstoning a proposed dual-listed IPO, while landowners receive direct free-carried interests and a share of the state’s holdings, aligning local and national stakeholders with expected combined EBITDA of US$176 million once expansion and the cement phase are operational.
The most recent analyst rating on (AU:PLA) stock is a Sell with a A$0.25 price target. To see the full list of analyst forecasts on Pacific Lime and Cement Limited stock, see the AU:PLA Stock Forecast page.
More about Pacific Lime and Cement Limited
Pacific Lime and Cement Limited is an Australia- and PNG-listed industrial company focused on developing integrated lime and cement manufacturing projects in Papua New Guinea. Its flagship Central Lime and Central Cement developments aim to create the country’s first large-scale downstream processing hub, supplying quicklime and cement to domestic and regional markets while supporting broader construction and infrastructure demand.
Average Trading Volume: 539,640
Technical Sentiment Signal: Hold
Current Market Cap: A$226M
See more insights into PLA stock on TipRanks’ Stock Analysis page.