• Latest
  • Trending
  • All
  • News
  • Business
  • Politics
  • Science
  • World
  • Lifestyle
  • Tech
Strong Showing by BME Supports Omnia’s Sterling Results

Strong Showing by BME Supports Omnia’s Sterling Results

July 14, 2022
Kleemann │ Interlinked PRO plant train impresses in the Caribbean

Kleemann │ Interlinked PRO plant train impresses in the Caribbean

January 27, 2023
EXPANDING THE VALUE PROPOSITION OF THE PDS

EXPANDING THE VALUE PROPOSITION OF THE PDS

January 19, 2023
advertisement
ADVERTISEMENT
2023 to Usher in Strong Growth in Mining and Industrial Private LTE Networks

2023 to Usher in Strong Growth in Mining and Industrial Private LTE Networks

January 19, 2023

Wirtgen South Africa holds annual dealer conference

January 17, 2023
Eriez-India Granted ISO 9001:2015 Certification

Eriez-India Granted ISO 9001:2015 Certification

January 13, 2023

Eurasian Resources Group and the University of Kolwezi develop curriculum to meet mining skills demand in the DRC

December 13, 2022

Another successful turnkey modular construction and transit solution from thyssenkrupp Uhde delivered to a key customer

December 13, 2022
Epiroc to acquire leading provider of collision avoidance systems for mines

Epiroc to acquire leading provider of collision avoidance systems for mines

December 13, 2022
New Cat® bolt-together buckets for underground loaders lower costs for assembly and transportation, reduce machine downtime

New Cat® bolt-together buckets for underground loaders lower costs for assembly and transportation, reduce machine downtime

December 11, 2022

EPSA and Immersive Technologies Partner in Global Mining Workforce Development

December 11, 2022

THE JUNIOR INDABA 2023

December 11, 2022
Atlas Copco and Reality Wellness celebrate their 20-year journey in putting employee well-being first

Atlas Copco and Reality Wellness celebrate their 20-year journey in putting employee well-being first

December 10, 2022
  • About AMB
  • Magazine Archive
  • Contacts
Sunday, February 5, 2023
African Mining Brief
No Result
View All Result
  • Login
  • Home
  • News
  • Events
  • Industry
  • People
  • Projects
  • Press Releases
  • Magazine Archive
MAGAZINE ARCHIVE
ADVERTISE
  • Home
  • News
  • Events
  • Industry
  • People
  • Projects
  • Press Releases
  • Magazine Archive
No Result
View All Result
African Mining Brief
No Result
View All Result
  • Home
  • News
  • Events
  • Industry
  • People
  • Projects
  • Press Releases
  • Magazine Archive
Home Mining News

Strong Showing by BME Supports Omnia’s Sterling Results

by Dennis Ayemba
July 14, 2022
in Mining News
0
Strong Showing by BME Supports Omnia’s Sterling Results
494
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

Mining and blasting solutions leader BME contributed significantly to the positive results announced in June by its parent company Omnia, which is listed on the JSE. Omnia CEO Seelan Gobalsamy reported that the group’s results reflected “an exceptional operating performance enhanced by diligent strategic execution, a higher commodity price environment and favourable conditions for both the agriculture and mining divisions.”

The group’s mining division – where BME is the main player – delivered a 29% increase in net revenue to R6.7 billion. The results benefitted from higher ammonia prices and increased sales volumes through the mobilisation of large customer contracts. BME continues its profitability drive through deliberate management actions, including optimising efficiencies, costs and process integration.

BME Managing Director Ralf Hennecke highlighted that this robust performance was achieved despite a highly competitive environment, as well as lower mining production due to inclement weather in the second half of the year.

“Our performance in South Africa was strengthened by operational efficiencies, market expansion in the surface and underground segments, and gains from large customer contracts,” said Hennecke. “We expanded in gold, copper and platinum sectors – in both surface and underground mines – with large customer contracts supporting throughput in the group’s plants.”

BME’s strong presence in other African markets continued, as did its global operations in countries including Indonesia, Canada and Australia.

Read: A New Generation of XPLOLOG™: Digitalising Blasting Science

“We renewed a large customer contract in Zambia, which contributed to our increased volumes, while we put in place sustainable localised business partnership models in the rest of SADC,” he said. A three-year contract extension was also secured with BME’s largest West African customer, and the company was investing in new infrastructure to support further expansion in the region.

“Growth in Indonesia remains a focus and our Canadian team is working hard to secure longer-term customer contracts,” he said. “In Canada, we have successfully completed trials of technology and explosives systems in the underground market, and we have begun transitioning for a major surface contract.”

He noted that the new AXXIS Titanium and Silver products have been well received by the Australian market, where new opportunities were being evaluated. The growth of BME’s global business was strongly supported by its world-class electronic detonators and emulsions, and it continued to develop technology that contributed to customers’ sustainability and ESG targets.

“The launch of AXXIS Titanium™ and AXXIS Silver™, one of the world’s most advanced electronic blast detonation systems, is a major step for our ever-evolving technology offering,” he said. “This latest generation secures our position among the global leaders in electronic delay detonator design.”

BME’s advances in mining software, technology and product developments are creating widespread interest across both international and local markets. Hennecke emphasised, however, that security of supply is where customers are focused today – especially given their experience of the Covid-19 disruptions.

“Our robust supply chain was fundamental to achieving these financial results,” he said. “We continued to deliver on-time and in-full to customers throughout the pandemic. This has reinforced our standing in the market and bodes well for our chances when bidding for future work.”

Looking ahead, he said the macro-economic environment has seen increased metal commodity prices, which benefitted mining production globally.

“All the global mining indices are moving in the right direction, from capital expenditure to exploration,” he said. “This buoyant picture is good for us in terms of both brownfield and greenfield projects.”

In Canada, the potential includes the large underground mining sector, which is receptive to BME’s blasting systems and technologies. This market also has considerable synergy with existing BME customers in Africa. A potential and significant partnership in Indonesia has underpinned its successful business there, as well as the future strategic expansion plans from the coal segment into metal mining. In Australia, BME’s technology is a good differentiator for its business, and the focus is on growth.

The southern African mining sector, with promising mineralisation, continues to face headwinds through constrained infrastructure and unreliable provision of utilities.

“Some SADC countries, however, have seen a revitalisation of their mining activities resulting in stronger demand compared to the last few years,” he said. “The region certainly has more to give on the mining front.”

Importantly, BME was well positioned to take advantage of the anticipated growth in its primary markets. He noted that BME is expanding its R&D and technology capacities to ensure market relevance while leading the new mining mechanisation trends.

Tags: AXXIS Titanium™OmniaSADCSeelan Gobalsamy
Share198Tweet124Share49
Dennis Ayemba

Dennis Ayemba

Oct - Dec 2022 Magazine

  • About AMB
  • Magazine Archive
  • Contacts

© 2022 African Mining Brief I All Rights Reserved Powered by Clivo.

No Result
View All Result
  • Home
  • News
  • Events
  • Industry
  • People
  • Projects
  • Press Releases
  • Magazine Archive

© 2022 African Mining Brief I All Rights Reserved Powered by Clivo.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In