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Enaex acquires MTi Group

Enaex has announced acquisition of a mine blasting consumables company MTi Group. The firm revealed it has bought 100% shares of MTi Group in a deal valued at US$85 million.

Enaex CEO, Juan Andrés Errázuriz who confirmed the report said, the purchase is part of the firms’ goals of strengthening their international presence in the main mining regions, in order to continue providing an excellent service to their customers.

Currently, the company has a commercial presence in Australia, South Africa, the US, and Latin America, maintaining an essential portfolio of clients, among which the following stand out: BHP, Anglo American, Newmont, Glencore, Rio Tinto, Barrick and Vale. The company has around 100 employees and four production sites in Australia, China, the United States, and South Africa. Enaex says the quality of its products and its capacity for innovation are the company’s most important attributes.

About MTi and Enaex

MTi Group is an Australian company with more than 25 years of experience in the design, development, manufacture, and distribution of consumable products that optimise the drilling and blasting processes in mining. Its main products are Blastbag and Blastshield.

This acquisition follows Enaex’s recent incorporation as a shareholder of O-Pitblast, a Portuguese subsidiary of Finland’s Forcit Group. O-Pitblast provides leading technology for the global mining markets. It offers a wide range of software to optimise excavation, drilling and blasting, enabling efficient control and management of mining activities.

Enaex offers an entire value chain for comprehensive rock fragmentation services, ongoing innovation, technological development, efficient logistics and commitment to the customer. The firm has an extensive network of service plants located at the main mining sites throughout Chile. Each plant provides a variety of services for the mining industry, such as: shot blasting, loading blasting agents, shallow mooring, plugging blast holes, checking blasting holes, and magazine management.

The blasting designs on which Enaex’s services are based may be submitted by the customer or proposed by the Company’s highly qualified, experienced engineering team. These proposals enable Enaex to add value to customer operations by training, advising and recommending the most appropriate techniques and products for each situation.

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