AEL Mining Services (Z) Plc, MiningNovember 30, 2021

The Climate Change Subject: A Focus on AECI
Climate change as a subject has evolved to the extent of converging the globe to hold various conferences on how best to approach it. One of which was the 26th United Nations (UN) climate change conference dubbed as the Conference of the Parties 26 (COP 26). The rising water levels and the melting ice at […]

AEL Mining Services (Z) Plc, MiningNovember 5, 2021

Mining in Zambia: A Focus on AECL
Formerly AEL, AECL Mining Explosives Plc is known for producing and supplying explosives in Zambia. Additionally, the company’s products and services in the form of manufacturing facilities and explosives are relevant to Central Africa. With a focus on surface and underground mining, where the explosives are used. Malawi, Tanzania and the Democratic Republic of Congo […]

AEL Mining Services (Z) Plc, MiningAugust 29, 2021

AECI Mining announces Esther Johnson as new Financial Director
Explosives mining Company, AECI Mining Plc has announced the departure of Financial Director and his immediate replacement, according to an issued statement from the company. “Pursuant to section 3.59 of the LuSE Listing Requirements, the Board of Directors of AECI Mining Explosives PLC (“AECI Mining” or the “Company”) wishes to announce the resignation of Francois […]

AEL Mining Services (Z) Plc, MiningJuly 13, 2021

AEL Zambia Shareholders nod name change
Shareholders of Zambia’s only listed mining explosives company, have resolved to change the name of the company to AECI Mining Explosives Plc. “At the Annual General Meeting of Members of AEL ZAMBIA PLC (“AEL” or “The Company”), held on 26th March, 2021 (the “AGM”), the following Special resolution was duly passed by AEL Shareholders: It […]

AEL Mining Services (Z) Plc, MiningMarch 10, 2021

AN ANALYSIS OF AEL ZAMBIA PLC PERFOMANCE FOR THE FINANCIAL YEAR 2020
As per the requirement by the Securities Act No. 41 of 2016 and the Listings Requirements of the Lusaka Securities Exchange, AEL ZAMBIA PLC announces the audited financial results for the year ended 31 December 2020. With the impact of Covid-19 clearly cited to have adversely affected the performance of the company in the just […]

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 […]