Dyno Nobel sells Phosphate Hill to Mayfair
Dyno Nobel has signed a binding agreement for the sale of the Phosphate Hill plant in Australia to Ryowa II GPS Pty Ltd, a wholly owned subsidiary of Mayfair Australia Corporation, it announced 9 March. The purchase is for a nominal A$1.00 (US$0.70), with a deferred value of up to A$100 million payable to Dyno Nobel subject to certain conditions and performance hurdles. Phosphate Hill produces around 400,000 t/a DAP and 200,000 t/a MAP.
