SYDNEY: Orica has moved to fully acquire its joint venture partner’s explosives business in the United States, in a transaction that will significantly expand the company’s footprint across American quarries and construction sites. The Australian mining and infrastructure solutions provider has reached an agreement with Nelson Brothers Inc to acquire 100 per cent of the…
SYDNEY, AUSTRALIA: Orica, the world’s largest provider of commercial explosives and blasting systems, has announced a deal to acquire Cyanco, a US-based leader in the manufacture and distribution of sodium cyanide, for US$640 million. Sodium cyanide is a key chemical used in the extraction of gold and other precious metals from ore. The acquisition of…
SYDNEY, AUSTRALIA: Orica, a global leader in mining and infrastructure solutions, has agreed to buy Terra, a Canadian company that offers advanced sensors and data technology for monitoring projects, for CAD$505 million. The deal, which is expected to close in the first half of 2024, will be funded by cash and debt, and will not…
MELBOURNE, AUSTRALIA: Orica Limited (ASX: ORI) has entered into an agreement to sell its Minova business to Aurelius Group (ETR: AR4), a European based investment firm, for A$180 million, a news release said. Orica Managing Director and CEO Sanjeev Gandhi said: “The sale of Minova is consistent with our refreshed strategy, which identified Minova as…