News Snapshot:
Orica impacted by China trade sanctions, Covid You are here: Mar 1 2021 China’s punitive trade action against Australia is starting to impact manufacturing with its ban on importing Australian thermal coal cutting sales for explosives and chemical group Orica. The company said in a market update that diminished coal mining activity was flowing through to its explosives business, which will suffer losses between $70 million and $80 million in the half year to December 31. “In the first half of FY21 demand for Orica’s products and services from affected mines is expected to be approximately 60,000 tonnes of ammonium...
