Orica Takes 45 pct Stake in New Ammonium Nitrate Plant-Shanghai Metals Market

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Orica Takes 45 pct Stake in New Ammonium Nitrate Plant

Industry News 11:06:14AM Mar 01, 2012 Source:SMM

(Reuters) - Orica Ltd, the world's top maker of explosives for mines, has signed a deal to take a 45 percent stake in an ammonium nitrate plant it will build in Western Australia with Norway's Yara and Apache Corp.

The joint venture aims to start construction on the 330,000 tonnes-a-year ammonium nitrate plant by mid-2012, looking to supply the Pilbara region, where giants Rio Tinto and BHP Billiton mine iron ore.

Orica will manage sales and distribution, while Yara will operate the plant.

 

 

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Orica Takes 45 pct Stake in New Ammonium Nitrate Plant

Industry News 11:06:14AM Mar 01, 2012 Source:SMM

(Reuters) - Orica Ltd, the world's top maker of explosives for mines, has signed a deal to take a 45 percent stake in an ammonium nitrate plant it will build in Western Australia with Norway's Yara and Apache Corp.

The joint venture aims to start construction on the 330,000 tonnes-a-year ammonium nitrate plant by mid-2012, looking to supply the Pilbara region, where giants Rio Tinto and BHP Billiton mine iron ore.

Orica will manage sales and distribution, while Yara will operate the plant.