AECI earnings increase

AECI has converted shares held by Kagiso Tiso Holdings in the explosives business AEL and has also introduced various share trusts for its employees and the communities where it is active in a deal that is valued at R1,2 billion, reports IOL. In terms of the deal, Kagiso Tiso's 25,1% holding in the mining explosives company AEL will be converted to 4,18% holding in AECI.