As part of its strategy to further internationalise its Mining Service business, AECI has acquired a significant development project in Peru.
This acquisition not only marks a fundamental step in AECI’s global expansion strategy, but also, it says, positions the manufacturer of explosives and chemicals solutions for mineral processing at the forefront of innovation in the Latin American mining industry.
Since its expansion into Brazil and Chile in 2020, AECI’s entry into Peru establishes the company as a dominant player in one of the world’s most dynamic mining regions, the company says, offering an opportunity for AECI to deliver its products and services to a market ready for growth.
Holger Riemensperger, Chief Executive Officer of AECI, says: “Peru represents a strategic addition to our growing footprint in Latin America. This acquisition not only strengthens our position in a key market but also underscores our commitment to providing innovative and sustainable solutions that meet the evolving needs of the global mining industry. We are not just expanding geographically; we are setting new standards in how mining solutions are delivered.”
The newly acquired project encompasses nearly 200 ha of strategically located land, complete with permits to build state-of-the-art explosive manufacturing plants. Situated in the heart of Peru’s most productive mining region, this land will serve as a launchpad for AECI’s direct operations, enabling the company to supply safely and efficiently to the local mining industry.
Thinus Bierman, Acting Executive Vice President of AECI Mining, said: “Our investment in Peru is a testament to our confidence in the country’s mining sector and our strategic vision for the future. We are not merely entering a new market; we are making a commitment to drive growth through innovation, local partnerships and a deep understanding of our customers’ needs. This is about creating value for our stakeholders and setting the stage for the next chapter of growth.”
The development project will empower AECI to deliver a comprehensive suite of products and services, ranging from high-performance explosives, as well as the introduction of its electronic detonators and initiating systems. It also includes the offering of its specialised mining chemicals.
The company said: “With significant planned investments in infrastructure and technology, AECI is poised to maximise the potential of this project, ensuring a consistent and reliable supply to its customers, while pushing the boundaries of what’s possible in mining.”