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Australia's Incitec Pivot wins explosives' contract with Fortescue Metals

Published 13/06/2018, 06:37 pm
Australia's Incitec Pivot wins explosives' contract with Fortescue Metals
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June 13 (Reuters) - Industrial explosives maker Incitec Pivot Ltd IPL.AX said on Wednesday its Dyno Nobel business received an explosives' products-and-services contract with units of Fortescue Metals Group FMG.AX .

The contract with the two units of the world's fourth-largest iron ore miner will last until December 2023, Incitec said.

The contract is expected to partially offset the drop in profit the company had previously forecast after losing a contract with Roy Hill Iron Ore, Incitec said. = 1.3217 Australian dollars)

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