METS

Orica raising up to $725M for digital acquisition

AS part of its plans to transform its business, explosives and chemicals maker Orica has just announced a A$725 million capital raising to underpin its purchase of digital orebody intelligence business Axis Mining Technology.

 Orica is expanding its digital offerings

Orica is expanding its digital offerings

Orica has commitments for a $650 placement, and has opened a non-underwritten $75 million share purchase plan.   The raisings are priced at $16 per share, a 7% discount to its last traded price. ...

Start a free trial to continue reading this article
Already have an account?  
Subscribe now
MORE ON THIS TOPIC

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.