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Enaex Acquires Explosives Division of Sasol South Africa Limited

Mining News - Published on Mon, 06 Jul 2020

Image Source: Enaex Africa
Sigdo Koppers Group subsidiary Enaex has solidified its entry as the controller partner for Enaex Africa, a joint venture formed by the Explosives Division for Sasol South Africa Limited and Enaex SA. The acquisition, which closed after a negotiations process that began last July, is aimed at generating greater value for the company and leading its development in Africa’s growing mining market. Enaex President Juan Eduardo Errazuriz said “This operation marks a significant milestone for Enaex, as it demonstrates the company’s commitment to providing added value for its customers and continuing its consolidation in international markets. In this sense, we thought it was extremely important to have direct presence in the African market, which has experienced important growth over the last few years.”

Joint Venture “Enaex in association with Sasol” will take over the assets, contracts and people belonging to Sasol’s explosives and rock fragmentation business, both in South Africa and in the surrounding countries where it operates. This new company, which has over 1,000 collaborators, is headquartered in South Africa, with subsidiaries in Namibia, Botswana and Lesotho. Its main production plants are located in Secunda -inside the Sasol complex- for bulk and cartridge emulsion products, while its Rustenburg plant will continue producing ANFO. The Joint Venture is expected to achieve production of nearly 350,000 annual tons of explosives, with sales of around USD250 million.

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Posted By : Yogender Pancholi on Mon, 06 Jul 2020
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