AECI mining awarded an explosives contract in Papua New Guinea
AECI has been awarded a five-year contract for the supply of explosives and the provision of services to Newcrest Mining Limited’s (Newcrest) Lihir gold mining operation in Papua New Guinea (PNG). Newcrest is the largest gold producer listed on the Australian Securities Exchange and Lihir is one of the world’s largest gold mines.
Holger Riemensperger, AECI Group Chief Executive commented; “The Newcrest Lihir contract not only further expands our reach in the greater Asia Pacific region, but is a significant milestone on our journey to sustainable international business growth.”
Mark Kathan, AECI Mining Chief Executive Officer added; “The contract includes the construction of a modular emulsion plant on the island of Lihir in PNG. This will enable us to deliver full blasting services using our specially formulated hot and reactive ground bulk products, as well as our specially designed delivery systems and hot hole initiation systems.”
AECI Group entity
The construction of the modular emulsion plant is expected to take six months and will be in full production in May 2024. The contract will also result in the registration of a new AECI Group entity, namely AECI PNG, and comes at a time when the AECI Group is recognizing 14 years of operation of its Australasia business. AECI is a diversified chemicals solutions company employing 7 168 people at more than 100 sites. We have a presence in 22 countries on six continents.
Founded in 1896 to service South Africa’s burgeoning gold and diamond mining industries, the company was formally established in 1924. AECI was listed on the Johannesburg Stock Exchange in 1966. A mainstay of the economy in South Africa, over the years we have expanded our presence and evolved our product and service offering to a broad base of customers.
Our products and services include, mine-to-mineral solutions, water treatment solutions, chemical raw materials and related services, asphalt and bitumen for road construction, food and beverage ingredients and commodities, vitamin and mineral animal feed premixes, crop protection products and plant nutrients as well as property leasing and provision of utilities. Our operating businesses are structured into four key operating business segments – AECI Mining, AECI Water, AECI Agri Health and AECI Chemicals.
