AECI Mining says it has concluded the ZAR45 million ($2.4 million) acquisition of Dinaser Industria, an explosives business in Brazil.
The acquisition, executed through local entity AECI Mining Produtos Quimicos Ltda, 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.
Holger Riemensperger, AECI Group Chief Executive, said: “This acquisition is in line with AECI’s strategy to continue expanding its already extensive 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.”
Mark Kathan, AECI Mining CEO, added: “Dinaser currently serves mainly the Brazilian construction and civil blasting industry. With our world-class 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.”