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MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  Orica Limited    ORI   AU000000ORI1

ORICA LIMITED

(ORI)
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End-of-day quote. End-of-day quote Australian Stock Exchange - 01/22
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Orica : launches underground blast design software to boost productivity and reduce costs

01/21/2020 | 10:21am EST

Melbourne - Orica (ASX: ORI), the world's largest manufacturer of commercial explosives and innovative blasting systems, today announced the release of its new blast design and modelling software for underground mining applications, SHOTPlus Underground.

Since its original launch, SHOTPlus has grown to be the mining industry's leading drill and blast software solution around the world. Following successful trials by Orica's technical services teams, the new SHOTPlus Underground blast design and modelling software is designed specifically for advanced underground blast design and complex blasting scenarios.

Orica Global Digital Products Senior Manager, Angelo Labriola, describes the new software, saying 'The latest SHOTPlus Underground has been fully re-written and is now the premier blast design package for the underground mining sector.'

'Designing, analysing and visualising in 3D has never been easier, ring to ring and hole to hole interactions and overall blast dynamics are at your fingertips, allowing users to optimise and maximise output, benefit and results.'

Underground production blasting typically requires geometrically complex ring patterns. Optimising the explosives loading and initiation design and producing clear instructions to blasting crews requires a specialised software solution.

SHOTPlus Underground is designed to meet the discrete needs of underground mining applications, delivering an improved interactive 3D environment and enhanced visualisation as well as Quality Assurance/Quality Control (QA/QC) tools to allow engineers to identify the most efficient blast design to ensure the required outcome. The new set of features and tools also allows for easy adjustment of blast designs and rapid comparison of different scenarios.

'The ability to seamlessly adjust, visualise and optimise underground blast loading designs and timing allows users to efficiently design blasts, irrespective of complexity. It also enables the necessary analysis to optimise the performance of blast designs with Orica's electronic initiation systems, dramatically cutting down the time required to produce loading and timing instructions for blast crews.' Labriola said.

Direct integration with Orica's electronic initiation systems ensures that the blast design process flows seamlessly, with Orica's product suite, delivering enhanced accuracy and efficiency whilst ensuring the integrity and safety of the process.

Contact:

Andrew Valler

Tel: +61 437 829 211

Email: andrew.valler@orica.com

Web: www.orica.com

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2021 5 759 M 4 440 M 4 440 M
Net income 2021 337 M 259 M 259 M
Net Debt 2021 1 778 M 1 371 M 1 371 M
P/E ratio 2021 19,2x
Yield 2021 2,71%
Capitalization 6 454 M 4 980 M 4 975 M
EV / Sales 2021 1,43x
EV / Sales 2022 1,33x
Nbr of Employees 13 000
Free-Float 99,3%
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Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 17,89 AUD
Last Close Price 15,86 AUD
Spread / Highest target 24,2%
Spread / Average Target 12,8%
Spread / Lowest Target -3,15%
EPS Revisions
Managers and Directors
NameTitle
Alberto Calderon Chief Executive Officer, Executive Director & MD
Malcolm William Broomhead Chairman
Christopher Roger Davis Chief Financial Officer
Maxine Nicole Brenner Independent Non-Executive Director
Gene Thomas Tilbrook Independent Non-Executive Director
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