Aard Mining Equipment (Pty) Ltd

Mining Capital Equipment (formerly a division of Boart Longyear South Africa (Pty) Ltd) (“MCE”) manufactures and market specialist low-profile drilling, grading and hauling machinery for the mining industry in Southern Africa and abroad. Being a significant local player, MCE’s strength has developed from its ability to understand and serve its customer base and to provide a hands-on and responsive maintenance service.

Matasis Investment Holdings, together with Nedbank Capital’s Private Equity team and Management, had acquired MCE from Boart Longyear. The business was subsequently rebranded “Aard Mining and Equipment”.

Matasis owns 45% of Aard Mining and Equipment (Pty) Ltd, and is actively involved at a strategic and operational level.

Manne Dipico, Yusuf Vorajee and Mike Adendorff serve as directors of Aard Mining, as well as a number of board sub-committees.

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