AEL Mining Services (Z) Plc, MiningDecember 17, 2020

AEL Zambia parts company with Rensburg; Pitchford in as Acting CEO
Explosives manufacturing company, AEL Mining, has announced the retirement of its CEO three years after taking up the role. “In accordance with Section 3.59 of the Lusaka Securities Exchange Listings Requirements, the Board of Directors of AEL Zambia PLC wishes to announce the retirement of Mr Hendrik Jansen Van Rensburg as Managing Director and Member […]

AEL Mining Services (Z) Plc, MiningMarch 21, 2020

Weakening Kwacha helps “increase” AEL Mining Zambia revenue
AEL Zambia has recorded a marginal 0.8% increase in revenue following the continued weakening of the kwacha, according to a statement from its 2019 financial year statement. “The turnover for the year 2019 showed an increase of 0.8% from the revenue recorded in 2018”, read a statement on the review of the year-end results issued […]

AEL Mining Services (Z) Plc, MiningNovember 3, 2019

AEL Zambia declares ‘K2’ interim dividend
The board of Zambia’s largest mining explosives company, AEL Zambia Plc has announced an interim dividend of K2 per share to be paid to shareholders of its LuSE listed shares. “At the Board Meeting held on 23 September 2019, an Interim Dividend of 2.0 Kwacha per share for the half-year ended 30 June 2019 was […]

AEL Mining Services (Z) Plc, MiningSeptember 26, 2019

AEL Mining revenue increases by 4.5% on account of exports at half year 2019
The Mufulira based explosives company’s AEL Mining Plc has posted a 4.5% increase in revenue on account of increased exports, according to a statement in the Company’s 2019 half-year financials.   However, the company also disclosed that the move towards exports was driven by weakened local demand following the loss of one of their largest […]

AEL Mining Services (Z) Plc, MiningMarch 7, 2019

AEL Zambia – Explosive Analysis
AEL Zambia is a subsidiary company of AEL international and the major holding company is AECL Limited that is listed on the Johannesburg Stock Exchange in South Africa. In Zambia, 25% shareholding is publicly held through the Lusaka Stock Exchange (LuSE) and the other 75% is held by AEL international. The steady increase of copper […]

AEL Mining Services (Z) Plc, MiningOctober 7, 2018

AEL Zambia Plc at Half Year 2018
On 28th September 2018, two announcements came out of SENS LuSe. The first was the notice to shareholders from the board of the Mufulira based AEL Zambia Plc in compliance with requirements of the Securities Act No. 41 of 2016 and the Listing Rules of the Lusaka Securities Exchange. The announcement was given that a […]

AEL Mining Services (Z) Plc, MiningApril 9, 2018

AEL Mining 2017 Review
Jordan Soko’s AEL Mining has been riding the great tide of the commodities resurgence. The Board Chairman of the explosives company was delighted with the company’s 2017 performance. Rightly so especially that this is the same year that Jordan welcomed new Managing Director Hendrik Rensburg to lead his management team. Hendrik arrived to position with […]

AEL Mining Services (Z) Plc, Banking, Mining, StanbicDecember 8, 2017

Dual Exits from Premier Companies
In a week that should have ended quietly, two institutions announced the exits of their CEOs. The first announcement came out of Stanbic Bank. The board of the bank announced the exit of Charles Mudiwa who now moves to Stanbic Kenya as CEO. Tenure of CEOs in Zambian banks often ranges from 2 to 5 […]