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BURRUP, Australia — Austalian mining company Orica, along with Norwegian chemical company Yara and oil and gas explorer Apache, is pressing ahead with plans to build a $800 million ammonium nitrate plant in Western Australia, Business Spectator reported.
Ammonium nitrate is the main raw material used to produce civil explosives, which are in high demand in the mining sector and needed by iron ore companies wanting to expand their volumes.
"Together with our partners, we have a clear vision for servicing the fast-growing Pilbara iron ore market, which is being strongly embraced by our customers in the region," Orica CEO Ian Smith.