Explosives manufacturer AECI Mining has concluded the R45-million acquisition of Brazilian explosives business Dinaser Industria.
The acquisition, executed through local Brazilian entity AECI Mining Produtos Quimicos, includes 100% ownership of Dinaser’s explosives distribution and storage facilities, as well as operating licences in the mining states of Minas Gerais and Bahia. “This acquisition is in line with AECI’s strategy to continue expanding its . . . footprint in the global mining sector. It builds on our existing reach in Brazil where we already own and operate a bulk emulsion and packaged explosives manufacturing plant, in the state of São Paulo, and have also seen good growth in the South American metallurgical extraction chemicals market,” AECI group CEDinaser currently serves mainly the Brazilian construction and civil blasting industry.
“With our . . . products and know-how in both underground and surface mining, as well as our longstanding relationships with global customers, the opportunities to grow the business are significant,” AECI Mining CEO