Industrial software developer QMASTOR Limited (ASX:QML) has finalised contract deals with a major South African mining company.
QMASTOR will supply its Pit to Port commodity supply chain management system for Exxaro Resources.
The contract covers software licensing, professional services and support and maintenance.
QMASTOR declined to disclose the value of the deal, but said it was a major contract and that a significant portion will be paid out this financial year.
Exxaro intends to use the Pit to Port system across nine operations, including its corporate centre in Pretoria and its Australia Sands mineral sands project.
QMASTOR general manager Steve Maxwell said the contract “enables [us] to diversify into a new commodity group - mineral sands - and increases the market potential for our company.”
QML shares ended Thursday's trading 4% lower at $0.240. The shares are down from an nine-month peak of $0.310 in April.