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Chemical Week Magazine :: Business & Finance :: Asia/Pacific

Yara Begins Legal Action Against Burrup

8:19 AM MST | November 30, 2010 | —DEEPTI Ramesh

Yara International says that its Yara Australia (Sydney) subsidiary has begun legal action against Burrup Holdings (Perth, Australia) and Burrup’s wholly owned subsidiary, Burrup Fertilisers (Perth), after those companies blocked Yara’s attempts to allow an independent auditor to carry out a full inspection of Burrup’s books. Yara has a 35% stake in Burrup, and says it had sought to exercise its rights and carry out the audit but that it was denied access by Burrup. Yara has lodged an application with the Federal Court of Australia seeking an order that...

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