May 16 (Reuters) - Incitec Pivot Ltd (IPL) :
- ANNOUNCES ENTRY INTO A NEW LONG TERM GAS SUPPLY AGREEMENT FOR ITS AMMONIUM NITRATE PLANT IN MORANBAH
- NEW GAS SUPPLY AGREEMENT WILL COMMENCE IN APRIL 2026 FOLLOWING EXPIRY OF DNM'S CURRENT DEAL AND CONTINUE UNTIL AT LEAST MARCH 2033
- DYNO NOBEL MORANBAH PTY WILL PROVIDE FINANCIAL SUPPORT TO QUEENSLAND PACIFIC METALS IN FORM OF GAS PREPAYMENT FACILITY OF UPTO A$80 MILLION
- ARRANGEMENTS INCLUDE FULL SECURITY PACKAGE WHERE DNM'S GAS SUPPLY AND FUNDING DEALS ARE SECURED AGAINST GAS PRODUCING ASSETS OF MGP
- NEW GAS SUPPLY AGREEMENT IS EXPECTED TO SUSTAIN LONG-TERM COMPETITIVE ADVANTAGE OF DNM'S MORANBAH AMMONIUM NITRATE PLANT
