15 August 2022
1300 794 893
Subscribe
AAP Image/Julian Smith

Orica goes up the value chain with acquisition and capital raising

Paul Rickard
4 August 2022

Explosives, blasting systems and mining chemicals provider Orica (ORI) is going “up the value chain” with its $350 million acquisition of Axis Mining Technology and $725 million capital raising. This is part of a strategic push to be “the world’s leading mining and infrastructure solutions company”, which includes the provision of orebody intelligence products and participation in the digitisation of the mining value chain.

Axis is a leader in the design, development and manufacture of specialised geospatial mining tools. These tools are used to determine the location and orientation of drill holes and collection samples. Based in Australia and the UK, it distributes products to over 30 countries, with commodity exposure geared to gold and copper.

Sign up to the Switzer Report to read the full article and gain access to exclusive content like our weekly investing webinar hosted live by Peter Switzer and Paul Rickard.


Want to know the 5 Stocks Peter Switzer & Paul Rickard are buying in 2022?

We're giving you FREE access to find out which stocks our Switzer Report experts think have the highest upside in October and beyond!

Comments
Get the latest financial, business, and political expert commentary delivered to your inbox.

When you sign up, we will never give away or sell or barter or trade your email address.

And you can unsubscribe at any time!
Subscribe
1300 794 893
© 2006-2021 Switzer. All Rights Reserved. Australian Financial Services Licence Number 286531. 
homeshopping-cartphoneenvelopedollargraduation-cap linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram