Heads of Agreement signed with Orica and Apache

Oslo (2012-03-01): Yara has signed a heads of agreement with Orica and Apache via joint venture to build a 330,000 metric tons ammonium nitrate plant on the Burrup peninsula and to distribute ammonium nitrate and other explosives products to mining customers in the Pilbara region.

New York, NY, 01/03/2012 (informazione.it - comunicati stampa - varie)

Yara will be the operator of the ammonium nitrate plant and Orica will manage the sales and distribution.

 

Final agreement is subject to concluding negotiations on the contract for the engineering, procurement and construction of the ammonium nitrate plant and Board approvals.

The parties are targeting commencement of construction by mid 2012. Yara and Orica will each have a 45% interest in the joint venture and Apache the remaining 10%.

Telephone   (+47) 24 15 75 86
Cellular (+47) 93 42 69 54
E-mail anders.lerstad@yara.com

Cellular (+47) 90 10 76 85
E-mail Bernhard .stormyr@yara.com

www.yara.com

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