Abstract: The invention relates to the development of a low-density granular Oxidizing Agent (PAN), the ingredients of which do not segregate and are conferred with explosive properties through the simple mixture thereof with combustible ingredients, thereby producing a low density granular Blasting Agent (PANFO). PANFO has many applications in the mining industry, in both open-pit and underground operations, said agent being suitable for use alone in applications intended to control damage to the banks or mixed other explosives typically used in the industry. According to the invention the density of the mixture can be adjusted to the conditions of the rock to be blasted and, consequently, the fragmentation requirements can be maximised.