Adbri Limited (ASX:ABC) announced that its subsidiary company Cockburn Cement Limited has been apprised by Alcoa of Australia Limited that it would not renew its present lime supply contract expiring on 30 June 2021.
The deal constitutes around A$70 million in the annual revenue for the Group. The non-renewal of the contract would not impact the revenue until post-June 2021. However, the company would be evaluating and take required mitigating actions.
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