Orica Limited

Indian firm Runaya and Australian firm Minova (a division of Orica) signed a joint venture agreement to manufacture mining products. The JV will invest about Rs2.5bn ($33.42m) in a new facility at Bhilwara, Rajasthan, expected to start production by December 2020 or January 2021.

Runaya signed two joint venture agreements worth $75 million: a 50:50 JV with UC Rusal to produce aluminium pastes and powders in India, and a JV with Taha International Corporation for aluminium dross processing technology.

Orica announced the acquisition of Exsa's explosives factory in Lurin, Peru, with plans to increase capacity utilization from 15-30% to 80%. The deal includes $600 million capital raising and expected annual synergies of $18 million.

Orica has agreed to buy Australian technology company GroundProbe from Crescent Capital for $205 million. GroundProbe provides monitoring and measurement systems for mining companies.