News & Media
Orica environmental provision
04 May 2018
Melbourne: Orica (ASX: ORI) notes media reports regarding the increase of environmental provisions in the half year results to be released on Monday, 7 May 2018.
As announced on 1 March 2018, a review of existing environmental provisions is expected to result in an increase to provisions at the half year result.
While the accounts are yet to be finalised by the Board of Directors, we expect to increase the provision for remediation of the Botany site by an amount of approximately $115 million, in line with our expectations at the time of the announcement on 1 March 2018.