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ORI Orica Limited

17.59
0.00 (0.00%)
29 Jul 2024 - Closed
Delayed by 20 minutes
Share Name Share Symbol Market Type
Orica Limited ASX:ORI Australian Stock Exchange Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 17.59 17.70 16.72 0.00 23:11:55

Orica Gives Go Ahead For US$800 Million Burrup Ammonium Nitrate Plant

21/05/2012 1:09am

Dow Jones News


Orica (ASX:ORI)
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Explosives and chemicals maker Orica Ltd. (ORI.AU) said Monday and its joint venture partners Yara International ASA (YAR.OS) and Apache Corp. (APA) have signed off on an agreement to build a US$800 million ammonium nitrate plant on the Burrup peninsula in Western Australia.

Construction of the 330,000 ton-a-year plant is scheduled for completion at the end of 2015, Orica said in a statement. It will pay Yara and Apache US$110 million on commencement of construction.

Spain's Tecnicas Reunidas SA (TRE.MC) will be appointed to build the facility, it said.

-By Rhiannon Hoyle, Dow Jones Newswires; 61-2-8272-4625; rhiannon.hoyle@dowjones.com

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