An Indian company that planned to build an explosives manufacturing plant in Port Bonython has pulled its plans.
Deepak Fertilisers’ proposal for a $350 million plant was dropped due high construction and capital costs, according to South Australian minister for manufacturing Tom Koutsantonis.
The manufacturer also cited other reasons, such as BHP Billiton’s decision to mothball its Olympic Dam mine expansion; rehabilitating a former military testing ground; arranging power to the site; as well as the distance from the site to the actual jetty.
However “Deepak has informed the State Government of its intention to continue to explore other possible options for an ammonium nitrate plant in South Australia,” Koutsantonis added.
The group originally announced its plans to carry out a feasibility study for the plant mid last year.