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 it is a significant milestone on our journey to sustainable international business growth.”
Mark Kathan, AECI Mining CEO 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.”
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 recognising 14 years of operation of its Australasia business.
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