Last A$20.87 AUD
Change Today +0.24 / 1.16%
Volume 944.4K
As of 2:10 AM 08/22/14 All times are local (Market data is delayed by at least 15 minutes).

orica ltd (ORI) Snapshot

Open
A$20.86
Previous Close
A$20.63
Day High
A$21.03
Day Low
A$20.75
52 Week High
01/17/14 - A$24.85
52 Week Low
06/17/14 - A$18.43
Market Cap
7.8B
Average Volume 10 Days
1.4M
EPS TTM
A$1.58
Shares Outstanding
372.7M
EX-Date
05/29/14
P/E TM
13.2x
Dividend
A$1.25
Dividend Yield
6.01%
Current Stock Chart for ORICA LTD (ORI)

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orica ltd (ORI) Details

Orica Limited manufactures and distributes commercial blasting systems, and mining and tunnelling support systems to the mining and infrastructure markets, as well as provides various chemical products and services. It offers mining services comprising bulk systems, packaged explosives, electronic blasting systems, initiating systems, and blasting services to the surface and underground mining, civil tunnelling, quarrying, construction, and oil and gas markets. The company also provides a range of resins, grouts, anchors, resin and cement pumps, injection equipment, roof bolters, hand held drills, and accessories; and technical support and applications services. In addition, it offers mining chemicals, such as collectors, frothers, modifiers, activators, depressants, water treatment chemicals, flocculants, coolants, degreasers, and size reduction products; solid and liquid sodium cyanide for gold extraction; and emulsifiers. Further, the company supplies general chemicals for use in various industries, including agriculture, building and construction, food and beverage, pharmaceutical and personal care, plastics, pulp and paper, and water treatment industries. Additionally, it is involved in the botany groundwater recycling business. The company operates primarily in Australia, Asia Pacific, North America, Latin America, Europe, the Middle East, Africa, and Turkey. Orica Limited was founded in 1874 and is headquartered in East Melbourne, Australia.

Founded in 1874

orica ltd (ORI) Top Compensated Officers

Chief Executive Officer, Managing Director, D...
Total Annual Compensation: A$3.5M
Chief Financial Officer
Total Annual Compensation: A$1.0M
Executive Global of Head Strategy and Chemica...
Total Annual Compensation: A$1.3M
Executive Global Head of Manufacturing
Total Annual Compensation: A$980.3K
Executive Global Head of Supply
Total Annual Compensation: A$582.8K
Compensation as of Fiscal Year 2013.

orica ltd (ORI) Key Developments

Orica Reportedly In Talks With Private Equity Firms For Sale Of Its Chemicals Division

Orica Limited (ASX:ORI) is understood to have engaged with Pacific Equity Partners, Kohlberg Kravis Roberts & Co. L.P. (NYSE:KKR), Archer Capital and The Carlyle Group LP (NasdaqGS:CG) about a potential sale of its $1 billion chemicals division, reported The Australian citing sources. Orica confirmed it would spin off its chemicals business either via a demerger or a sale. The sources said that private equity firms would be the likely contenders for the business should it opt for a sale rather than a spin off. Orica, through its advisors The Goldman Sachs Group, Inc. (NYSE:GS), Citibank, National Association and Lazard Ltd. (NYSE:LAZ), held talks with potential suitors several weeks ago about their interest. Pacific Equity Partners, KKR, Archer and Carlyle were among those engaged, but analysts said that Bain Capital, LLC would be a logical suitor, as would The Blackstone Group L.P. (NYSE:BX), TPG Capital, L.P. and CVC Group. Some market sources hosed down the likelihood of interest by Ashland Inc. (NYSE:ASH) or Brenntag AG (XTRA:BNR). Analysts value the chemicals business at $800 million-$1 billion. Other sources said a demerger of the Orica business rather than a trade sale was the more likely option, contrasting with the view of some analysts, Orica said it had received a number of unsolicited inquires from third parties expressing non-binding interest to acquire the operation. A demerger would ­create a separate listing for the chemicals business.

Orica To Sell Or Demerge Chemicals Business

Orica Ltd. (ASX:ORI) has completed a strategic review of its chemicals business and now intends to pursue the separation of the business, either by demerger or sale. A demerger would create a separate ASX listing for the chemicals business. Orica has received a number of unsolicited enquiries from third parties expressing non-binding preliminary interest to acquire the chemicals business. Whilst demerger is currently the preferred approach, Orica will consider any alternatives that are in the interests of shareholders. Orica will give a further update on the proposed separation at its full year results announcement on November 19, 2014.

PhosAgro and Orica Announces to Complete Explosives Plant in Murmansk Region

PhosAgro and Orica Global plans to complete construction of an emulsion explosives manufacturing complex in Russian before year-end. The agreement to build the 70,000 tonne per year explosives plant, which will be located at PhosAgro's Apatit mining and production facility in the Murmansk region, was signed last year. It will be supplied with ammonium nitrate from PhosAgro-Cherepovets. PhosAgro also signed a RUB 13.5 billion ruble contract last year under which Orica will supply emulsion explosives in 2015-2024 and for blast hole drilling at Apatit mines. Prior to commissioning of the new complex, Orica will supply emulsion explosives to Apatit from other production facilities. Apatit plans to use emulsion explosives for up to 90% of its underground blasting by the end of 2014.

 

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