Orica (ASX: ORI) today announced it has expanded into copper processing chemistry with the acquisition of the Danafloat™ product range from FMC Corporation.  

Danafloat™ is a specialist range of high-performance collectors used in floatation of copper and other future facing commodities to maximise ore recovery, enhance concentrate quality and minimise environmental impacts. The acquisition includes proprietary formulation intellectual property, inventory, branding, and existing customer relationships. 

The acquisition expands Orica’s Specialty Mining Chemicals portfolio beyond its world leading position in sodium cyanide for the gold industry, to the processing of sulphide ores, including copper and other future facing commodities, which are exposed to growth from electrification, urbanisation and artificial intelligence. With Orica’s strong exposure to copper in Blasting and Digital Solutions, Danafloat™ provides significant cross selling synergies. 

Danafloat™ has an established mining industry customer base across Europe, Middle East and Africa (EMEA) and Latin America (LATAM). Orica’s global footprint creates further opportunity to scale beyond these regions. 

President, Orica Specialty Mining Chemicals, Andrew Stewart said:

“Danafloat is a strategic acquisition that strengthens Orica’s Specialty Mining Chemicals portfolio and advances our customer offering to the mining sector. It expands our presence in copper processing, an increasingly important market driven by electrification, artificial intelligence and the energy transition. 

“Customers want increasingly specialist chemistry that is ore body specific for maximum recovery, enhanced concentrate quality and circuit stability. By combining Danafloat’s specialty reagents with Orica’s deep domain expertise, our expanded OptiOre range helps customers optimise their processing circuits and deliver more consistent outcomes and greater value.”