Mining services business Orica has replaced its managing director after revealing a larger than expected impact from COVID-19 on its global operations.
The federal government has launched an inquiry into cheap imports of ammonium nitrate following an application by three local manufacturers, including Wesfarmers subsidiary CSBP and Orica.
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.
Mining explosives and chemicals manufacturer Orica made the final investment for its ammonium nitrate plant in the Pilbara in September, with final state government approvals expected by the end of
Mining explosives maker Orica has held on to its cautious full-year outlook after spending cuts and business improvement initiatives helped it offset higher costs in the first half of the year.
Explosives and chemicals manufacturer Orica has posted a 3 per cent dip in half-year profit to $211 million after being affected by reduced demand for its products in the mining sector.
