Explosives maker Dyno Nobel has sold its Phosphate Hill fertiliser plant for just $1 in a move which shores up the future of more than 1100 workers in Queensland, at least for the time being.

Explosives group Dyno Nobel has agreed to sell its Phosphate Hill fertiliser plant in northwest Queensland to Mayfair Australia Corporation subsidiary Ryowa II GPS.

Citi has reaffirmed its buy rating for Dyno Nobel following the company’s decision to divest its Phosphate Hill fertiliser business. The sale, executed for a nominal $1 with up to $100 million in ...

Investors react as this ASX stock announces a major fertiliser business exit. The post Why this ASX stock is slipping after ...