Orica expands with mining chemicals buy

Chemicals and explosives manufacturer Orica is to acquire 100 per cent of the common stock of Cyanco Intermediate 4 Corp. (Cyanco) (the Acquisition) from an affiliate of Cerberus Capital Management, L.P. (Cerberus) for US$640 million. The acquisition of Cyanco, a US-based leader in the manufacture and distribution of sodium cyanide primarily serving the gold mining…

Orica delivers uplift in performance

Explosives and blasting technology group Orica has reported strong earnings across all business segments for FY2023. Statutory Net Profit After Tax (NPAT) was reported as $295.7 million, compared to $60.1 million in the previous year but including $73.3 million of significant items expense after tax. Underlying EBIT from continuing operations was $698.1 million, up 24…

Orica speeds decarbonisation efforts

Chemicals and explosives technology manufacturer Orica today announced accelerated climate change targets. The Melbourne company has invested to deliver significant reductions in net operational Scope 1 and 2 greenhouse gas (GHG) emissions, according to the company. A forecast 19 per cent emissions reduction from FY2019 levels by the end of FY2023, successful low-emissions technology deployments,…

Alpha HPA to develop $300m Gladstone high purity alumina plant

Critical metals producer Alpha HPA will go ahead with its $300 million second stage of its Gladstone high purity alumina facility following Queensland government support through a $21 million Industry Partnership Program grant. The company’s Stage 1 Precursor Production Facility (PPF, pictured) is already in operation producing utilising its proprietary licensed solvent extraction and refining…