Incitec Pivot

A weak start to trading has sent the share market's leading index back below the 6,000-point level it broke last week.

Incitec Pivot has warned that its 2020 and 2021 full-year profits will be hit by the end of a contract to supply ammonium nitrate prill to mining giant BHP Billiton.

Melbourne-based fertiliser and explosives manufacturer Incitec Pivot has lost its second major Western Australian supply contract in two months, with iron ore miner Roy Hill to allow its purchase agreement to expire in February.

Melbourne-based explosives manufacturer Orica has secured supply contracts in the Pilbara with BHP Billiton and Roy Hill, but expects operational issues and write-downs to cut its first-half earnings by nearly $400 million.

Melbourne-based fertiliser and explosives manufacturers Incitec Pivot and Orica have continued their battle for iron ore contracts in the Pilbara, with Incitec winning a five-year supply deal with Fortescue Metals Group.

Explosives manufacturer Orica has revealed technical issues at its half-owned ammonium nitrate plant in the Pilbara will cause a production delay of more than 12 months.

Explosives manufacturer Incitec Pivot has reported a 34.8 per cent fall in profit for the year to September, including a $7 million hit from lost business in Western Australia.

Engineering group Monadelphous has secured several new construction and maintenance contracts, including three with BHP, worth a combined value of around $110 million.

Australia has struck a deal to increase the local manufacturing of urea amid a global shortage, but Western Roads has expressed concerns that WA could be left out.

Australian chemical company Incitec Pivot plans to demerge its Australian fertiliser business into a new company.

Plans to convert a Queensland ammonia plant to run on green hydrogen will enter front end engineering and design, proponents Fortescue Future Industries and Incitec Pivot announced today.

A surprise ASX announcement from a national fertiliser company has revealed that private Perth company Perdaman has secured funding for its giant $6.4 billion urea project in the Pilbara.

Perth company Perdaman has started work on one of WA's largest projects after gaining backing from Global Infrastructure Partners, the same group that backed Woodside’s Pluto gas project.

Wesfarmers executive Tanya Rybarczyk has been named as the next president of explosives manufacturer Dyno Nobel Asia Pacific, effective February 2025.

Our weekly appointments wrap includes Chris Paull, Jo Monery, David Andrew, Charmaine Lamprecht, Nicola Spicer, Meg O'Neill, Tanya Rybarczyk and Bep Uink.

Fortescue’s proposed Gibson Island hydrogen project in Queensland appears to have been scrapped, with partner Incitec Pivot Limited revealing a plan to sell the site.