As part of its strategy to further internationalise its Mining Service business, manufacturer of explosives and chemicals solutions for mineral processing AECI has acquired a development project in Peru.

The 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, it says.

AECI says the acquisition not only marks a fundamental step in its global expansion strategy, but also positions the company at the forefront of innovation in the Latin American mining industry.

It adds that Peru, which is known for its rich deposits of copper, gold, silver and other critical minerals, offers an exciting opportunity for AECI to deliver its cutting-edge products, including explosives, electronic detonators and initiating systems, as well as its services to a market ready for growth.

"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," CEO Holger Riemensperger comments.

With significant planned investments in infrastructure and technology, AECI is poised to maximise the potential of this new project, ensuring a consistent and reliable supply to its customers.

"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," AECI Mining acting  executive VP Thinus Bierman says.