Press releases

MDM operating update

MDM Appoints a New CEO

23 February 2010

MDM Engineering Limited (“MDM” or the “Company”) is pleased to announce the appointment of Martin Smith as the Company’s new Chief Executive Officer. Martin (45) has more than 20 years of experience in the mining and engineering industry having previously held directorship positions in Grinaker-LTA and most recently as Managing Director, Sub-Saharan Region for Bateman Engineering Limited (“Bateman”).

Martin began his career with Sasol Limited as a bursary holder. After 14 years, he moved to Grinaker-LTA Construction, the South African based mining and engineering group, where, between 1995 and 2007, he was involved in the engineering, construction and commissioning of the Saldanha Steel plant in the Cape Province along with a range of major mining projects across Mozambique, Zambia, Botswana and Namibia. His last position with Grinaker-LTA was that of Managing Director, Metals and Minerals Business Unit.

Martin is registered as a Professional Engineer with the Engineering Council of South Africa and as a Certified Electrical Engineer (both registrations 1995).

Martin completed the CII Executive Leadership Course at the McCombs School of Business, University of Texas (Austin) in 2008 He graduated with a B.Eng. from the University of Pretoria in 1987.

MDM’s Chairman, Bill Nairn, stated, “I am delighted to welcome Martin on board and have no doubt that with his considerable experience and enthusiasm, he will add tremendous value and continue to lead MDM along the growth path we have set.”

Martin Smith stated, “I am very excited about joining MDM Engineering and looking forward to leading and growing the Company in this exciting new chapter of its existence.” , During the last five years Martin has been, a director of the following companies:

- Bateman Projects Limited, RSA (resigned);
- Bateman Africa Limited, RSA (resigned);
- Edison Jehama Power (Pty) Limited, RSA (resigned);
- Misa Scaffolding (Pty) Limited, RSA (resigned); and
- Grunwald Construction Limited, Botswana (resigned).

Other than as provided above, the directors of MDM confirm that no further information as required under Schedule Two, Annex III, paragraph (g) of the AIM Rules for Companies is disclosable under this announcement.  

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.


MDM Engineering Group Limited

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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