Company Development Plans

IN 2018, ENAEX S.A. INCREASED ITS CAPACITY TO DEVELOP AND EXPORT INNOVATIVE PRODUCTS AND SOLUTIONS FOR THE GLOBAL MINING INDUSTRY.

It is currently the largest supplier of comprehensive rock fragmentation services in Chile and Latin America.

The 2015 acquisitions helped the Company successfully achieve some of its strategic goals, like regional leadership and increased global presence. In terms of innovation, this year the Stemming-iTruck® was added to projects launched in 2017 (RoboMiner® and Mine-iTruck®). These robotization and teleoperation solutions for mining operations in complex operating situations helped the Company achieve the first on-site teleoperated loading of a blasting agent in 2018. The Company believes that innovation improves process productivity, emphasizing customer needs and personal safety.

Thanks to this effort, the Company continues to win bids with new customers and is able to offer unique products. Enaex’s strong performance was also thanks to its employees, who have kept the highest quality standards and embraced a global culture.

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Enaex Argentina has been servicing open-pit and underground mines since 2007. It owns the High Explosives plant in Olavarría and, as of 2014, the Campanario Emulsions Plant (PEC) which has an annual production capacity of approximately 65,000 tons. This project secures supply for local customers, minimizing risks associated with import substitution policies, and increasing the probability of being awarded future contracts. The Company also performs underground loading operations with the Underground Bulk System—the first of its kind in Argentina—using UBS equipment and emulsions produced at the Campanario Emulsions Plant. In 2018, the Company won new bids in the provinces of Santa Cruz and Catamarca.

The Company has been operating in Colombia since 2010, when it built and opened a high-tech packaged emulsions plant through a partnership contract with the defense industry. The mining energy sector is the main driver of the Colombian domestic economy. Colombia is home to large-scale, open-pit coal mining operations as well as gold, nickel, copper, limestone and iron ore operations, which are becoming important alternatives for the country's mining development. Likewise, Colombian roadway and port infrastructure development is in full swing. Consequently, there will be significant growth in the demand for explosives in coming years and important opportunities for blasting services and technical support.

In 2014, the Company re-entered the Peruvian market, acquiring an 80% interest in Chemtrade, an explosives manufacturing and blasting accessories company that now operates under the name Enaex Peru. They also manufacture pyrotechnic detonators and ANFO in sacks, which are distributed primarily to the local market. Products like ammonium nitrate, boosters, dynamite and cartridge emulsions are also imported, primarily from Chile. In 2017, Enaex Peru began blasting service operations at Minera Constancia, owned by Hudbay Minerals. In 2018, it began at Quellvaveco, a copper mine owned by Anglo American and Mitsubishi Corporation. It also increased its production capacity by acquiring 70% of Cuzco-based Industrias Cachmayo S.A., Peru’s only producer of ammonium nitrate.

IN DECEMBER 2018, ENAEX PERU PERFORMED THE FIRST COMPREHENSIVE BLASTING SERVICE AT QUELLAVECO, ONE OF THE WORLD’S LARGEST COPPER DEPOSITS.

IBQ Industrias Químicas (Britanite), now Enaex Britanite, is an explosives and rock fragmentation services company founded in 1961. With more than 50 years of experience, it has a strong market share in major infrastructure projects in Brazil. Enaex Britanite leads its segment in Brazil thanks to a history is marked by entrepreneurial spirit, determination, and the strength of its team. Its main products are detonating chord, pumpable and cartridged emulsions and electronic and non-electronic initiation systems. They primarily supply the heavy civil construction, mining and quarrying industries as well as a wide network of distributors. Enaex Britanite stands out for also offering technical assistance and distribution to these segments. Headquartered in the city of Quatro Barras, Enaex Britanite operates in more than eight Brazilian states.

Harnessing group synergies, Enaex Britanite added the Milodon® truck to its blasting operations. It also added Vertex® and Prillex® ULD to its product portfolio.

IN 2016 AND 2017, ENAEX BRITANITE WAS NAMED “OUTSTANDING SUPPLIER” BY ANGLOAMERICAN BRAZIL IN THE STRATEGIC ALIGNMENT CATEGORY.

In a 2018 survey published in the Brazilian mining journal, Minérios, 170 mining and civil works customers in Brazil recognized Enaex Britanite as the leading company in terms of market share and customer satisfaction in the Brazilian blasting market. Furthermore, Enaex won first place in the Best Suppliers category at CMOC Brazil’s first CMOC Suppliers Award, which evaluated the company’s performance in health, safety, social and environmental aspects. For the third year in a row, Enaex also won the Top Engineering award in Detonation Engineering and Fire and Explosives Planning, awarded by the Association of Alumni of the School of Engineering at the Federal University of Minas Gerais (AEAEEUFMG) in Brazil.

Davey Bickford Enaex leads the world in design, manufacturing and distribution of electronic detonators, which are known for producing more precise results in the rock fragmentation process. Founded in France with the invention of the safety fuse in 1831, the Company has nearly 200 years of innovation experience. Operating in France, Australia, Canada, Chile, the United States, Mexico and Peru, the Company primarily serves the markets of blasting, excavation and seismic exploration for mining.


In 1998, the Company pioneered electronic initiation systems. Its history of ongoing innovation expands Enaex's ability to innovate and develop new blasting solutions. Davey Bickford Enaex also focuses on safety, from design to implementation, for all its products.


The Company also complements its products with services proven to increase customer productivity. It proposes operating optimizations based on the use of electronic products and preventing any type of uncontrolled interruption.

In order to increase global capacity, the Company implemented its first automatic assembly machine for electronic detonators in 2016. It also launched a “Big Data” innovation project to optimize customer operations.

In 2018, Enaex was recognized by the French-Chilean Chamber of Commerce as the Best Performer in French-Chilean Commercial Relations in 2018, recognition that speaks to the successful merger of the Company and Davey Bickford Enaex.

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THE DIGITAL ELECTRONIC INITIATION SYSTEM DAVEYTRONIC® EVOLUTION, A NEW SOLUTION DESIGNED FOR HIGH-VOLUME BLASTING AND BLASTING MADE MORE COMPLEX BY CLIMATIC CONDITIONS, STOOD OUT WITH UNIQUE SAFETY AND TECHNOLOGY CHARACTERISTICS.