-- Orica (ASX:ORI) said it has expanded into copper processing chemistry with the acquisition of the Danafloat product range from FMC, according to a Friday statement by the company.
The company did not provide a deal value or financial details of the acquisition.
The company said Danafloat is a specialist range of high-performance collectors used in the flotation of copper and other commodities to maximize ore recovery, enhance concentrate quality, and minimize environmental impacts.
Orica said the acquisition includes proprietary formulation intellectual property, inventory, branding, and existing customer relationships, expanding its specialty mining chemicals portfolio beyond sodium cyanide for the gold industry into the processing of sulfide ores.
The company said the acquisition provides exposure to copper and other commodities benefiting from growth in electrification, urbanization, and artificial intelligence.