Orica reveals deal for chemical firm

Australian-headquartered Orica confirmed it has inked a deal to acquire U.S.-based Cyanco Intermediate 4 Corp. for $640 million in a bid to extend its mining chemicals business presence. Officials said the price tag will be paid via financial backing of US$261.9 million along with existing cash and debt facilities. Cyanco, a distributor and maker of sodium cyanide mainly for the…

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