Processing timeline
16
days
Filed
20 Apr 2026
Acquirer(s)
RYOWA II GPS PTY. LIMITED ABN - 16 063 780 058
Target(s) or Vendor(s)
PH QUEENSLAND GAS PTY LTD ABN - 12 626 604 000, DYNO NOBEL LIMITED ABN - 42 004 080 264, SOUTHERN CROSS OPERATIONS PTY LTD ABN - 30 004 936 850
Other parties
PHOSPHATE HILL PTY LTD ABN - 62 696 187 425, MAYFAIR MINORITY INVESTMENTS PTY LTD ABN - 24 643 992 474, Mayfair Australia Corporation Pty Ltd ACN - 683 119 128
Mayfair Australia Corporation, via Ryowa II GPS Pty Ltd, is acquiring the Phosphate Hill fertiliser mine and manufacturing plant assets, and 100% of PH Queensland Gas Pty Ltd shares. Dyno Nobel Limited and Southern Cross Operations Pty Ltd are divesting these fertiliser manufacturing and gas interests as Dyno Nobel exits the sector. This marks Mayfair's entry into agriculture.
Ryowa II GPS Pty Ltd ( Ryowa ) proposes to acquire: all or substantially all of the assets of the Phosphate Hill fertiliser mine and manufacturing plant ( Phosphate Hill ), and 100% of the issued share capital in PH Queensland Gas Pty Ltd ( PHQG ), from Dyno Nobel Limited ( DNL ) and Southern Cross Operations Pty Ltd ( SCO ) (collectively, the Sellers ) through an Asset Purchase Agreement. Ryowa's ultimate parent company, Mayfair Australia Corporation Pty Ltd ( Mayfair Corporation ), is an Australian energy and resources company. Ryowa seeks to enter the agriculture industry through the acquisition of Phosphate Hill. Ryowa currently owns a minority interest in the Gladstone Power Station. Phosphate Hill is a fertiliser manufacturing plant located in Queensland. PHQG owns a minority interest in an undeveloped gas tenement in Queensland’s Surat Basin. DNL is an international explosive manufacturing business. In Australia, DNL manufactures and supplies commercial explosives and provides commercial blasting services. SCO is a wholly owned subsidiary of DNL which operates in the fertiliser manufacturing business. The Sellers seek to exit from Phosphate Hill to complete DNL's separation from its fertiliser endeavours.