Advancecon secures quarry operation agreement

In a filing with Bursa Malaysia yesterday, Advancecon said the estimated contract value is based on the contract duration, monthly agreed extract and supply quantity to Omya and the rate per tonne.

PETALING JAYA: Advancecon Holdings Bhd’s 51%-owned subsidiary, Spring Energy Sdn Bhd, has secured a quarry operation agreement with Omya Malaysia Sdn Bhd for an estimated value of RM33.18mil to carry out the extraction and quarrying of calcium carbonate (marble) at a site in Kinta, Perak.

In a filing with Bursa Malaysia yesterday, Advancecon said the estimated contract value is based on the contract duration, monthly agreed extract and supply quantity to Omya and the rate per tonne.