Norway’s giant fertilizer maker Yara is expanding in the mining explosives market by building an ammonium nitrate plant in Australia in a joint venture that creates closer ties with estranged partner Burrup Holdings. Their 50/50 joint venture is planning a $700 million plant in Burrup, Western Australia, with a capacity of 300,000 tpa of TAN. The technical ammonium nitrate is geared to supply the fast-growing iron ore mining operations in the Pilbara region of Australia. Oslo-based Yara owns 35 percent of Burrup Holdings and said it would own 67.5 percent “directly and indirectly” of the new business, to be called Burrup Nitrates.
Australia: Yara to build TAN plant
May 19, 2011 at 11:32 (Industrial News)