24.10.2011
Europe's biggest urea plant comes on-stream: The Dortmund-based ThyssenKrupp EPC contractors have supplied and commissioned a plant for the production of 3,500 tons per day of urea solution in Sluiskil, Netherlands, for Yara of Norway. The plant, which took three years to build, has now been handed over to the customer. Yara has invested €400 million in its construction.
more13.05.2011
Norway's Yara, the world's largest nitrogen fertilizer maker, has been charged with suspected corruption involving a possible $1 million bribe in India during efforts to create a joint venture.
Norway's white-collar crime unit, which is also investigating a suspected irregular payment by Yara in Libya, said it has filed "gross corruption" charges in a separate case dating back four or five years.
more10.05.2011
Debt-laden Australian ammonia producer Burrup Fertilisers has been put up for sale, according to a well-informed source, with bids for a business that could be worth up to $1.5 billion due on May 30.
Information on the assets for sale, a 65% stake in Burrup Holdings which owns a 760,000 tons a year ammonia plant in Western Australia, was sent to potential bidders on Monday, the source said.
more14.04.2011
Norwegian fertilizer producer Yara suspects an irregular payment, possibly a bribe, may have been made
in connection with the negotiations preceding the firm's Lifeco investment in Libya.
Norwegian authorities have been notified and an external investigation will be initiated by a Norwegian law firm, Yara said on Wednesday.
more24.03.2011
Norway's Yara is expanding in the mining explosives market by building an ammonium nitrate plant in Australia in a joint venture that creates closer ties with estranged partner Burrup Holdings.
more10.01.2011
Süd-Chemie and Yara International have concluded a five-year framework agreement on catalysts for fertilizer production. The companies announced that the long-term supply agreement will cover more than 50% of the requirements of Qatar Fertiliser Company (Qafco), a JV of which Yara owns 25%.
Under the agreement, Süd-Chemie will develop, produce and deliver all front-end catalysts involved in the production of ammonia as well as applied technical support. Süd-Chemie expects to generate significant revenue of more than $40 million from the agreement during the next five years.
more11.10.2010
Companies in Norway are vulnerable to potential economic retaliation from China against Friday's award of the Nobel Peace Prize to a Chinese dissident.
China said the decision by the Norwegian Nobel Committee to honor democracy campaigner Liu Xiaobo would hurt relations, and summoned the Norwegian ambassador to protest.
A China-Norway free-trade agreement currently being negotiated is among the first such bilateral deals considered by China, now the world's second biggest economy and hungry for the oil, gas and other resources that Norway can provide.
more03.09.2010
Shares in Sirius Exploration, the only London-listed potash company, have kept on rising after an initial boost from the hostile takeover bid for Potash, the world's largest fertilizer producer.
BHP Billiton's $39 billion bid for Potash lifted the shares of companies involved in the crop nutrient on takeover speculation, but while others, such as Germanys' K+S and Norway's Yara, have slipped back or just clung on to their gains, Sirius's recent good fortunes have kept a fire under its stock.
more14.07.2010
Two people were killed and two others injured in a fire at a Libyan fertiliser complex in which Norway's Yara International holds a 50% stake, Yara and Libyan state energy firm NOC said on Tuesday.
The fire on Sunday broke out during maintenance work on a heat exchanger at the complex in the city of El Brega, NOC said in a statement on its Internet site.
more17.05.2010
K+S will be able to pursue its growth plans even though shareholders voted against granting it the option to hike the potash miner's capital, Chief Executive Norbert Steiner said.
Investors rejected two motions that would have given K+S the mandate to issue new shares worth €3.2 billion based on the current price.
"This does not stand in the way of our growth strategy as we have previously outlined it," Steiner told analysts in a call.
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