Heads of Agreement signed with Orica and Apache
01.03.2012 | Globenewswire Europe
![Heads of Agreement signed with Orica and Apache](https://www.goldseiten.de/media/goldseiten-news.jpg)
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.
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%.
Contact
Anders Lerstad, Investor Relations
Telephone (+47) 24 15 75 86
Cellular (+47) 93 42 69 54
E-mail anders.lerstad@yara.com
Bernhard Stormyr, Media Relations
Cellular (+47) 90 10 76 85
E-mail Bernhard.stormyr@yara.com
Yara International ASA is the world's leading chemical company that converts
energy, natural minerals and nitrogen from the air into essential products for
farmers and industrial customers. As the number one global supplier of mineral
fertilizers, we help provide food for a growing world population. Our industrial
product portfolio includes environmental protection agents that prevent air
pollution. Yara's global workforce of 7,300 employees represents the great
diversity and knowledge that enables Yara to remain a leading performer in the
industry.
www.yara.com
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
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originality of the information contained therein.
Source: Yara International ASA via Thomson Reuters ONE
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Unternehmen: Yara International ASA - ISIN: NO0010208051