Press releases

MDM project pipeline shift

MDM resumes work on MWS site

04 October 2010

MDM Engineering Group Limited (“MDM”) is pleased to announce that work has commenced on First Uranium’s Mine Waste Solutions (MWS) Phase 2 project in Stilfontein, after its suspension earlier this year.

MDM is currently managing the engineering and construction of the existing tailings re-treatment plant extension. Construction on the plant started in August 2010 and will see an increase in gold production by a further 650,000 tpm. There are approximately 350 MDM and Civcon personnel on-site, working towards the completion of the plant and pipeline feeds, which is expected to be complete by March 2011.   

Martin Smith, MDM CEO said:
“We are happy that all the issues have been resolved on this flagship project and that our team was successfully mobilised in minimal time to get the project back up to optimum operating levels.”

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 22 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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