- Senex Energy (SXY) signs a three-year gas sales agreement for 29Metals’ Capricorn Copper mine in Queensland
- The agreement will see Senex provide around 2.5 petajoules (PJ) of natural gas over three years from the Diamantina Power Station in Mount Isa
- Both parties have also agreed to terms that could see the gas supply extended for a further two years which would increase sales up to around 4 PJ
- Senex Energy is down 0.56 per cent, trading at $3.56 and 29Metals is down 0.81 per cent at $2.46 at 12:56 pm AEST
Senex Energy (SXY) has penned a three-year gas sales agreement for 29Metals’ Capricorn Copper mine in Queensland.
The agreement will see Senex provide around 2.5 petajoules (PJ) of natural gas over three years. The gas will come from the Diamantina Power Station in Mount Isa, generating the power required to operate the Capricorn Copper mine.
Both parties have also agreed to terms that could see the gas supply extended for a further two years which would increase sales up to around 4 PJ.
Senex Managing Director and CEO Ian Davies said the company was proud to supply another regional Queensland customer with natural gas from its operations.
“The Capricorn Copper mine is a critical project in the Queensland Government’s Strategic Blueprint for the North West Minerals Province,” Mr Davies said.
“Senex looks forward to building another strong, long-term and mutually beneficial relationship that supports jobs, the economy and helps meet Australia’s energy demand as it transitions to a lower carbon future.”
Senex has now signed around 80 PJ of agreements with Australian customers including Adbri, CleanCo Queensland, CSR Building Products, Opal, Orora and Visy Glass.
Senex Energy was down 0.56 per cent, trading at $3.56, and 29Metals was down 0.81 per cent at $2.46, at 12:56 pm AEST.