Downer EDI Ltd has announced that it has entered into an agreement to sell its blasting services business Downer Blasting Services to Enaex SA. Enaex is a subsidiary of the Chilean company Sigdo Koppers Group, which has operations in five continents, and is the largest producer of explosive-grade ammonium nitrate in Latin America.The sale price represents an enterprise value of A$62 million.
Downer Blasting Services (DBS) is one of the largest blasting contractors in the Australian mining industry. It provides blasting and explosives services to open pit and underground projects across Australia, with a fleet of over 45 explosives delivery systems, five state-of-the-art emulsion-manufacturing facilities and a 150-strong workforce.
( Image by Enaex )