Chile’s Enaex closes acquisition of Australia's Downer Blasting Services

Bnamericas Published: Thursday, March 04, 2021
Chile’s Enaex closes acquisition of Australia's Downer Blasting Services

Chilean explosives manufacturer Enaex has completed the acquisition of Brisbane, Australia-based Downer EDI Mining - Blasting Services (Downer Blasting Services) for Aus$62mn (US$48mn). 

The transaction, dated March 1, includes “assets, liabilities, contracts and people belonging to the business,” according to an Enaex statement sent to Chile’s financial market commission (CMF).

Australia’s Foreign Investment Review Board (FIRB) gave approval for Enaex to buy 100% of Downer Blasting Services on February 3.

Downer Blasting Services is engaged in the manufacture and sale of explosives and also provides rock blasting services for open and underground mining operations in Australia.

The acquisition is part of Enaex’s strategic plan to strengthen its presence in foreign mining regions. 

Last year, Enaex entered the South African market through a joint venture with Sasol South Africa Limited. 

Enaex is a subsidiary of Sigdo Koppers group and its services are currently used in open pits and underground mines in Chile, Argentina, Brazil, Colombia and Peru.

Subscribe to the most trusted business intelligence platform in Latin America. Let us show you our solutions for Suppliers, Contractors, Operators, Government, Legal, Financial and Insurance.

Subscribe to Latin America’s most trusted business intelligence platform.

Other projects in: Mining & Metals (Chile)

Get critical information about thousands of Mining & Metals projects in Latin America: what stages they're in, capex, related companies, contacts and more.

Other companies in: Mining & Metals (Chile)

Get critical information about thousands of Mining & Metals companies in Latin America: their projects, contacts, shareholders, related news and more.

  • Company: FLSmidth S.A.  (FLSmidth Chile)
  • FLSmidth S.A (FLSmitdth Chile) is the Chilean subsidiary of FLSmidth & Co. A/S, the Danish supplier of equipment and services to the global cement and minerals industries. Headq...
  • Company: Itasca Chile SpA  (Itasca Chile)
  • Itasca S.A. is the Chilean subsidiary of international consulting group Itasca International Inc., and provides engineering consulting services, including geotechnics and geomec...
  • Company: Albemarle Chile
  • Albemarle Chile is a branch of the US company Albemarle Corporation, a firm which develops, manufactures, and trades high added value and technologically advanced chemical produ...
  • Company: CleanTech Lithium Ltd.  (CTL)
  • CleanTech Lithium Ltd, formerly Chilean Lithium Salars Spa, is a lithium producer with three strategic projects in Chile, all located in the Atacama Region. Currently, CTL is fo...
  • Company: Skava Consulting S.A.  (Skava Consulting)
  • Skava Consulting is a Chilean engineering firm which provides services to the infrastructure and mining sectors with a focus on subterranean works. Among the services offered by...