However the strategy of extending services and promoting product differentiation has led to an increased contribution from Mining Services across its explosives markets. Mining chemicals products showed improved results on the back of better plant performance
In this period there have been many important initiatives which have shaped the strategy and direction of the Company, including the transformational acquisition of Dyno-Nobel and the successful spin-out of DuluxGroup. I am also conscious that the Excel business acquired by Orica in 2007 has not met expectations. The record is therefore not unblemished. Overall though, our Company has positioned itself as the world leader in its chosen area of business and is well placed for further success in the coming years.