BUZZ-Australia's Babylon Pump & Power rises on services contract with Newmont
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Shares of Australia’s Babylon Pump & Power (BPP.AX) rise 12% to A$0.14, marking their biggest intraday pct gain since October 28Stock hits highest level since December 11Specialist resources services provider signs material contract with Newmont Mining Services for provision of pump hire and maintenance servicesUnder terms of deal, Babylon will supply dry hire pumping equipment and associated maintenance services to Newmont’s operations in Western AustraliaSays contract expected to generate revenue of approximately A$3 million ($1.98 million) per annumStock down 7.1% YTD ($1 = 1.5142 Australian dollars)
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