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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. Ends. 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 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
