Press releases

MDM operating update

MDM awarded Gold Fields phased BFS

11 May 2010

MDM Engineering Group Limited (“MDM” or the “Company”) is pleased to announce that the Company has been appointed as the metallurgical engineering consultant for the phased Bankable Feasibility Study (BFS) at Gold Fields’ Driefontein mine’s Tailings Retreatment project.  The original BFS was completed in December 2009.

The driving objective of this phased approach is to optimise the project’s cost effectiveness. The project will involve the installation of 2,235 kilo tons per month plants treating historical and current tailings from the metallurgical operations at Driefontein and South Deep.  The tailings from around 13 slime dams will be recovered and deposited onto one centralised tailings storage facility. At the same time existing tailings storage facilities can be rehabilitated.

George Bennett, MDM Executive Director said: “MDM will bring their full gold and uranium experience and technical expertise to bear on the Gold Fields tailings project. We are excited to be involved with a project of this magnitude, which is currently the largest retreatment plant project in South Africa.”

Key Information:

MDM Engineering Group Limited is a minerals process and project management company focused on the mining industry. The Company provides a wide range of services from preliminary and final feasibility studies, through to plant design, construction and commissioning. To date, the Company's clients have largely been junior and mid-tier mining corporations with operations in Africa.

In May 2008, the Company successfully listed on the AIM market of the London Stock Exchange. The MDM Engineering core technical team has a 20 year track record of completing a wide range of studies and execution projects across a variety of minerals, including precious metals, base metals, ferrous and non-ferrous metals, uranium and diamonds.

The Company has adopted an approach to project execution based on an open-book Engineering, Procurement, Construction Management ("EPCM" or ";cost-plus") basis. With a core focus on Africa, MDM Engineering is setting the benchmark standard for best practice in the mining services industry through its commitment to providing the highest quality services and actively engaging with clients to ensure maximum transparency.

Enquiries:

MDM Engineering Group Limited

Martin Smith (CEO)
Tel: +27 (0) 11 993 4300

George Bennett (Executive Director)
Tel: +27 (0) 11 993 4300

Dominique de la Roche (Finance Director)
Tel: +27 (0) 11 993 4300

Numis Securities Limited

John Harrison (Nominated Adviser)
Tel: +44 (0) 207 260 1000

James Black (Corporate Broker)
Tel: +44 (0) 207 260 1000

 

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