Newmont (ASX:NEM) signed a multi-year offtake agreement with Pacific Lime and Cement (ASX:PLA) for the supply of quicklime from the latter's Central Lime project in Papua New Guinea, according to a Monday filing with the Australian bourse.

Contracted volumes under the deal represent about one-third of the project's nameplate production capacity, the filing said.

The deal will start following construction completion and commissioning of the project, per the filing.

Commercial terms of the deal were not disclosed.

Newmont shares rose 4% in afternoon trade Monday, while Pacific Lime and Cement shares were up nearly 4%.