Orica is shrugging off doubts about iron ore demand by pressing ahead with the construction of a $US800 million ($A815.87 million) ammonium nitrate plant in Western Australia.
Orica, together with Norwegian chemical company Yara, and oil and gas explorer Apache are building the plant on Western Australia's Burrup Peninsula, an area rich in Aboriginal rock art.
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.
Business Spectator
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