Fortescue's proposed Gibson Island hydrogen project in Queensland appears to have been scrapped, with partner Incitec Pivot Limited revealing a plan to sell the site.
Our weekly appointments wrap includes Chris Paull, Jo Monery, David Andrew, Charmaine Lamprecht, Nicola Spicer, Meg O'Neill, Tanya Rybarczyk and Bep Uink.
Perth company Perdaman has started work on one of WA's largest projects after gaining backing from Global Infrastructure Partners, the same group that backed Woodside's Pluto gas project.
A surprise ASX announcement from a national fertiliser company has revealed that private Perth company Perdaman has secured funding for its giant $6.4 billion urea project in the Pilbara.
Plans to convert a Queensland ammonia plant to run on green hydrogen will enter front end engineering and design, proponents Fortescue Future Industries and Incitec Pivot announced today.
Australia has struck a deal to increase the local manufacturing of urea amid a global shortage, but Western Roads has expressed concerns that WA could be left out.
Engineering group Monadelphous has secured several new construction and maintenance contracts, including three with BHP, worth a combined value of around $110 million.
Explosives manufacturer Incitec Pivot has reported a 34.8 per cent fall in profit for the year to September, including a $7 million hit from lost business in Western Australia.
Explosives manufacturer Orica has revealed technical issues at its half-owned ammonium nitrate plant in the Pilbara will cause a production delay of more than 12 months.
Melbourne-based fertiliser and explosives manufacturers Incitec Pivot and Orica have continued their battle for iron ore contracts in the Pilbara, with Incitec winning a five-year supply deal with Fortescue Metals Group.
Melbourne-based explosives manufacturer Orica has secured supply contracts in the Pilbara with BHP Billiton and Roy Hill, but expects operational issues and write-downs to cut its first-half earnings by nearly $400 million.
Melbourne-based fertiliser and explosives manufacturer Incitec Pivot has lost its second major Western Australian supply contract in two months, with iron ore miner Roy Hill to allow its purchase agreement to expire in February.
Incitec Pivot has warned that its 2020 and 2021 full-year profits will be hit by the end of a contract to supply ammonium nitrate prill to mining giant BHP Billiton.
Shares in Zenith Energy were up 10 per cent to 55 cents after the remote generation operator listed on the ASX today, with the company planning to use the $25 million it raised to move into renewables and microgrid technology.
Explosives and fertiliser supplier Incitec Pivot says it will build a $40 million ammonium nitrate emulsion plant at Port Hedland after booking a 25 per cent lift in first half profit.
West Perth based mineral exploration company Metex Resources Ltd, has secured $11 million through share placement with chemical and fertilizer group Incitec Pivot Ltd.
