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AFE - AECI Limited - World Class Joint Venture Plant For Senmin

Release Date: 01/02/2008 14:01:01      Code(s): AFE
AFE - AECI Limited - World Class Joint Venture Plant For Senmin                 
AECI LIMITED                                                                    
(Incorporated in the Republic of South Africa)                                  
Registration No. 1924/002590/06                                                 
Share code:  AFE                                                                
ISIN code:  ZAE00000020                                                         
("AECI" or "the Company")                                                       
NEWS RELEASE                                                                    
WORLD CLASS JOINT VENTURE PLANT FOR SENMIN                                      
Senmin International (Pty) Limited (Senmin), a subsidiary of Chemical Services  
Limited (Chemserve), has concluded a joint venture agreement with Ciba UK plc to
build and operate a R380 million world class plant for manufacturing acrylamide 
and polyacrylamide using Ciba technology.  Ciba will be a minority equity       
partner in the joint venture and, in addition to providing the business with a  
royalty-free licence for the use of proprietary technology, will contribute its 
brand name to the products manufactured.                                        
The joint venture will supply anionic and non-ionic flocculants as import       
replacements to the mining sectors in South and Southern Africa.  It will be    
part of Ciba`s global network for sourcing mining products previously provided  
by manufacturing facilities outside South Africa.  It is expected that a        
substantial proportion of the plant`s 20 000 tonnes per annum output will be    
exported to markets in Australia, North and South America, and Indonesia.       
With the current strong market in both precious metals and base metals, demand  
for flocculants is growing rapidly.  There is currently insufficient capacity to
meet the needs of the mining industry.                                          
Commissioning will start in the first quarter of 2009 and production is         
scheduled to commence towards the end of the year.  The plant is to be built at 
Senmin`s site in Sasolburg.  Chemcity, a Sasol enterprise development initiative
and a wholly-owned subsidiary of Sasol Chemical Industries, has been appointed  
by the joint venture to facilitate and assist in securing the supply of key raw 
materials, utilities and other services from Sasol`s existing operations.       
Chemserve is a wholly-owned subsidiary of AECI Limited and this investment is   
part of Chemserve`s strategy of growing its position as a provider of specialty 
products and services to the expanding mining industry both within and beyond   
South Africa`s borders.                                                         
1 February 2008                                                                 
Enquiries:     Theunis Botha                                                    
              Managing director                                                 
Senmin International                                              
Tel: +27 11 794 5902                                                            
Fax: +27 11 795 1220                                                            
Cell phone:  083 251 0195                                                       
email:  Theunis.Botha@senmin.co.za                                              
Date: 01/02/2008 14:01:01 Supplied by www.sharenet.co.za                     
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