Incitec Pivot Expects Fiscal Year 2025 Production at Queensland Plant to be Impacted by Sulfuric Acid Supply, Weather Event; Appoints Interim CFO

MT Newswires Live02-10

Incitec Pivot (ASX:IPL) said that interruptions to the supply of sulfuric acid at its phosphate hill site along with recent flooding in Northern Queensland is expected to impact the plant's full year's production, according to a Monday filing with the Australian bourse.

Phosphate Hill production for the fiscal year ending Sept. 30 is now expected to be in the range of 740,000 metric tonnes to 800,000 metric tonnes from the previous forecast of 790,000 metric tonnes to 860,000 metric tonnes, the filing said.

The company is also awaiting confirmation on the resumption of rail services between Phosphate Hill and Townsville, currently closed due to the flooding, the filing added

Further, Iincitec Pivot appointed Financial Controller Damian Buttler as Interim Chief Financial Officer, effective Feb. 15.

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