The Queensland Supreme Court ruled that Boral's notice to Wagners that it could buy cement cheaper from Cement Australia was valid, allowing Boral to pay lower prices under their take-or-pay agreement. Wagners had stopped supplying Boral for six months, costing AUD 20 million, but resumed supply on October 22, 2019 at lower prices.
Boral will acquire Wagners' quarry, concrete and related assets in the Darling Downs, South East Queensland and Townsville regions, along with several land parcels. Around 275 employees will transfer to Boral. The deal includes a cement supply arrangement and is expected to complete in the second half of 2011.
Wagners has secured a $35 million contract to build and operate the South Back Creek Quarry, supplying materials for Adani's Carmichael coal mine and rail project in Queensland, Australia. The contract includes an initial $17.5 million stage for 735,000 tonnes of materials over 15 months.
Wagners secured a quarry operation and haulage contract worth AUD 35 million for Adani Australia's Carmichael Coal Mine in Central Queensland. The contract involves supplying up to 1.5 million tonnes of quarry materials and creating up to 40 jobs over five years.