IPL 0.69% $2.89 incitec pivot limited

macquarie retains $4.04 for ipl, page-2

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    an excerpt:

    INCITEC Pivot has revived shelved plans to build a $1 billion explosives plant on Western Australia's Burrup Peninsula, as it looks to tap into growing demand for the Pilbara region's vast iron ore reserves.

    A spokesman for the Melbourne-based fertiliser and explosives maker said a pre-feasibility study had begun on a 350,000-tonnes-a-year ammonium nitrate plant.


    http://www.theaustralian.com.au/business/mining-boom-sees-incitec-revive-explosives-plan/story-e6frg8zx-1225850675643
 
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