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Orica Signs Heads Of Agreement With Yara, Apache On Burrup JV

SYDNEY -(Dow Jones)- Orica Ltd. (ORI.AU) said Thursday it signed a heads of agreement with Yara International ASA (YARIY) and Apache Corp. (APA) to form a joint venture to build an ammonium-nitrate plant on the Burrup peninsula in Western Australia. Final agreement is subject to board approvals and the concluding of engineering, procurement and construction contracts, Orica said in a statement to the Australian stock exchange. The parties are targeting a mid-2012 start to construction work, and Orica would have a 45% interest in the joint venture, the explosives and chemicals maker said. The plant would produce 330,000 tons a year, Orica said. By Shani Raja, Dow Jones Newswires; 61 2 8272 4683;

Stock News for Apache (APA)
04/24/201510:28:58Jefferies Group Raises Apache Price Target to $59.00 (APA)
04/22/201511:26:09Statement of Changes in Beneficial Ownership (4)
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04/21/201517:30:11Statement of Changes in Beneficial Ownership (4)
04/17/201510:11:02Statement of Changes in Beneficial Ownership (4)
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04/16/201512:07:30Statement of Changes in Beneficial Ownership (4)
04/16/201512:04:28Statement of Changes in Beneficial Ownership (4)
04/16/201512:03:03Statement of Changes in Beneficial Ownership (4)
04/15/201510:46:12Statement of Changes in Beneficial Ownership (4)
04/13/201518:30:49Statement of Changes in Beneficial Ownership (4)
04/13/201518:28:58Statement of Changes in Beneficial Ownership (4)
04/11/201510:49:01Apache - Australian Exit Brings Much Needed Cash, Long-Term Value...
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04/10/201517:02:36Amended Current Report Filing (8-k/a)
04/10/201508:00:00Apache Completes Sale of Kitimat LNG
04/08/201518:10:14Apache to Sell Australian Business for $2.1 Billion
04/08/201517:56:21Apache to Sell Australian Business for $2.1 Billion
04/08/201516:58:35Alcoa to sell Australian ops for $2.1B

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