INCITEC PIVOT LIMITED Office of the Company Secretary
ABN 42 004 080 264
6 January 2016
The Manager
Company Announcements Office Australian Securities Exchange Level 4, North Tower
Rialto
525 Collins Street
MELBOURNE VIC 3000
Dear Sir or Madam
Registered Office:
Level 8, 28 Freshwater Place
Southbank Victoria 3006
Tel: (61 3) 8695 4400
Fax: (61 3) 8695 4419
www.incitecpivot.com.au
In accordance with the Listing Rules, I attach a copy of an ASX Announcement for release to the market.
Yours faithfully
Attach.
Office of the Company Secretary
ABN 42 004 080 264
Registered Office:
Level 8, 28 Freshwater Place
Southbank Victoria 3006
Tel: (61 3) 8695 4400
Fax: (61 3) 8695 4419
www.incitecpivot.com.au
Incitec Pivot Limited (ASX: IPL) today advised that, having completed its initial assessment of the impact of the train derailment on 27 December 2015, there is expected to be an adverse one-off impact to Incitec Pivot's full year Net Profit After Tax of approximately $14 million.
The train, operated by a third party freight operator, was transporting a shipment of sulphuric acid for use at Incitec Pivot's Phosphate Hill fertiliser manufacturing facility in Queensland, Australia. The train derailed near Julia Creek, while en route from Townsville.
While wet weather had been delaying access to the site, Queensland Rail is now building access roads to enable commencement of construction of a rail deviation around the derailment site. Rail services are continuing to operate between Incitec Pivot's Mt Isa and Phosphate Hill facilities. IPL expects full plant operations to resume during the third week of January 2016.
Incitec Pivot's Phosphate Hill plant is still expected to produce 950,000 tonnes of fertiliser during IPL's 2016 financial year. It is not envisaged that fertiliser supply to Australian domestic customers will be affected, assuming a normal winter crop season.
T: +61 3 8695 4514 M: +61 423 767 933
E: gerard.buckle@incitecpivot.com.au
Media: Stewart Murrihy Chief Communications Officer
T: +61 3 8695 4582 M: + 61 418 121 064
E: stewart.murrihy@incitecpivot.com.au
-Incitec Pivot (ASX: IPL), a S&P/ASX company, is a leading global company which manufactures, markets and distributes a range of industrial explosives, fertilisers, related products and services to customers around the world. A leader in its chosen markets, the Company holds a portfolio of recognised and trusted brands and is the No. 1 supplier of fertilisers in Australia and the No 1 supplier of industrial explosives, related products and services in North America. Employing approximately 5,000 people, IPL owns and operates manufacturing plants in Australia, USA, Canada, Turkey, Mexico, Chile and Indonesia and has joint venture operations, including in South Africa, Malaysia and China.
Incitec Pivot Limited issued this content on 2016-01-06 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-05 22:30:15 UTC
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