OPERATIONS

Incitec Pivot strikes Moranbah gas deal

CHEMICALS and explosives maker Incitec Pivot has struck a deal with Queensland Pacific Metals worth up to A$120 million that will fund infill wells at the Moranbah coal seam gas field, and eventually help boost production to levels required to support QPM’s flagship $4 billion Townsville Energy Chemicals Hub (TECH).

Incitec Pivot strikes Moranbah gas deal

QPM agreed to buy the aging Queensland gas field in April, which came with legacy supply contracts with Incitec Pivot's Dyno Nobel ammonium nitrate plant. The pair has now struck new commercial terms...

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