I am delighted to announce that Stuart Miller will be stepping into the role of Executive Vice President: Mining, effective 16 September 2024. Stuart brings a wealth of experience and a strong record of accomplishment in the mining sector, having held various leadership roles across several international mining jurisdictions.

Johannesburg, 17 July 2025 – AECI is pleased to announce the disposals of Schirm USA, the Baar-Ebenhausen assets in Schirm Germany as well as the Food & Beverage division.

AECI Limited, a global leader in the manufacture of chemicals and explosives, is pleased to announce the signing of a Share Purchase Agreement for Much Asphalt (Pty) Limited ("Much Asphalt") with Old Mutual Private Equity ("OMPE") and Sphere Investments (Pty) Limited ("Sphere").

Our stated ambition as the AECI Group is to double profitability of our core businesses by 2026 and to attain a global market position in Mining of #3 by 2030.

The main highlight in the year was the excellent safety performance, reflected in a Total Recordable Incident Rate (TRIR) of 0.15. This is the lowest TRIR since AECI commenced measuring this metric. The Group is also on track to reach all its published 2025 sustainability targets.

AECI is investing US$31 million (± R505 million at today’s exchange rate of R16,29) in two strategic growth projects that will double the profitability of AECI Schirm USA on an ongoing basis moving forward.

AECI Food & Beverage has a new warehouse in Linbro Park, marking a change in strategy by the business which used a third-party service provider previously.