AI assistant
DYNO NOBEL LIMITED. — Capital/Financing Update 2017
Aug 21, 2017
64782_rns_2017-08-21_4f27fdd7-f0a2-4029-87c7-59b036998854.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
ASX Announcement
22 August 2017
Zenith Energy secures amendment to its ‘Manage, Operate and Maintain’ contract with Incitec Pivot for up to two years
Zenith Energy Limited (Zenith) (ASX: ZEN) has been awarded a one year extension of its ‘Manage, Operate and Maintain’ (MOM) contract with Incitec Pivot Limited (ASX: IPL) at its Phosphate Hill Power Station facilities in the Mount Isa region of Northern Queensland.
The amended MOM contract also offers IPL the option to extend for an additional year, potentially taking the total tenure of the contract through to August 2019.
Zenith’s Managing Director, Hamish Moffat, commented: “ IPL remains an important client to Zenith and we continue to build a strong working partnership with IPL, who we have worked collaboratively with since 2015.”
The amended MOM contract with IPL is forecast to continue to generate consistent revenue to Zenith’s operations over the next 12 months .
Hamish Moffat Managing Director
+61 8 9416 2000 24 Brennan Way Belmont, WA, 6104
Media:
Citadel-MAGNUS John Gardner +61 413 355 997
ZENITH ENERGY LIMITED
PERTH | 24 Brennan Way, Belmont, WA, 6104 | P +61 (0) 8 9416 2000 | F +61 (0) 8 9477 1833 CAIRNS | 80 Fearnley Street, Cairns, Qld, 4870 | P + 61 (0) 7 4051 9533 | F +61 (0) 7 4051 9599 E [email protected] | W www.zenithenergyltd.com | ACN 615 682 203