BUSINESS AREAS


CORPORATE DEVELOPMENT PLANS
GLOBAL PRESENCE
MINING INDUSTRY
EXPLOSIVES MARKET

IN 2017, ENAEX S.A. EXPANDED 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 Company’s acquisitions in 2015 helped it successfully achieve some of the first goals in the 2015-2020 strategic plan, like regional leadership and increased global presence. This year, Enaex launched two new products resulting from important innovation and development projects, RoboMiner® and Mine-iTruck. The robotized, teleoperated developments provide mining solutions for complex operating situations. Innovation continuously improves productivity while 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 our employees, who have kept the highest quality standards and embraced a global culture.

ENAEX ARGENTINA

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 2017, the Company won a new bid in the provinces of Buenos Aires, San Juan and Santa Cruz.

ENAEX COLOMBIA

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 national 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.

ENAEX PERU

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 2015, the four-year ammonium nitrate supply contract with Peru's largest copper mine, Antamina (BHP) became effective.

IN APRIL 2017, ENAEX PERU BEGAN ITS FIRST COMPREHENSIVE BLASTING SERVICES AT MINERA CONSTANCIA, A HUDBAY COPPER MINE.

ENAEX BRITANITE

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 its 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 because it also offers technical assistance and distribution to these segments. Headquartered in the city of Quatro Barras, Enaex Britanite operates in more than eight Brazilian states.

The Company developed the world’s first e-portal for explosive sales,
called E-Blasting®, which allows users to purchase products and have them delivered in just a few steps. The widely used portal was very well-received by customers.

Harnessing group synergies, in 2017, Enaex Britanite added the Milodón® truck to its blasting operations. It also added Vertex® and Prillex® ULD to its portfolio.

FOR THE SECOND STRAIGHT YEAR, ANGLOAMERICAN BRAZIL NAMED ENAEX BRITANITE"OUTSTANDING SUPPLIER” IN THE STRATEGIC ALIGNMENT CATEGORY.

DAVEY BICKFORD

Davey Bickford 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, the United States, Mexico, Peru and Chile, the Company primarily serves the markets of blasting, excavation and seismic exploration for mining.

In 1998, the company pioneered electronic initiation systems. This history of ongoing innovation expands Enaex's ability to innovate and develop new blasting solutions. Davey Bickford also focuses on safety, from design to implementation, for all its products. The company 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 the “Big Data” innovation project to optimize customer operations.

IN 2017, DAVEYTRONIC® EVOLUTION, A NEW DIGITAL ELECTRONIC INITIATION SYSTEM WAS DESIGNED WITH UNIQUE SAFETY AND TECHNOLOGY FEATURES FOR USE IN LARGE-SCALE BLASTING OPERATIONS THAT ARE HIGHLY COMPLEX DUE TO ADVERSE CLIMATE CONDITIONS.