Orica posts $1.3B loss

THE mining slowdown continues to bite with explosives and mining chemicals maker Orica announcing a $1.27 billion net loss after tax for the financial year ended September 30.

Orica posts $1.3B loss Orica posts $1.3B loss Orica posts $1.3B loss Orica posts $1.3B loss Orica posts $1.3B loss

Orica has been cruelled by the mining slowdown.

This loss was driven by a non-cash impairment post tax of $1.7 billion on its ground support business, ammonium nitrate assets and various other assets across the company.

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