AUSTRALIA'S two major ammonium nitrate producers are punting $1.3 billion that the mining boom has enough legs to justify their investment in new production capacity.
Chemicals company Orica says it will cost $US800 million to build an ammonium nitrate plant on the Burrup Peninsula, in joint venture with Norway's Yara International and US-based Apache Energy.
Norwegian company Yara International has signed an agreement with Orica and Apache to develop a $US700 million ammonium nitrate plant on the Burrup Peninsula in a joint venture.
