Press releases

MDM project pipeline shift

MDM awarded Metorex's Kinsenda BFS

07 October 2010

MDM Engineering Group Limited (“MDM” or the “Company”) is pleased to announce that it has been awarded the bankable feasibility study (BFS) for Metorex Limited’s Kinsenda project, located in the Democratic Republic of Congo (DRC). Metorex has requested that MDM undertake a BFS to confirm process plant design with metallurgical test work results and to update capital and operating costs to Q4 2010 money terms.

The Kinsenda project is located at the southern end of the Katanga Copperbelt which, together with the Zambian Copperbelt, forms one of the great metallogenic provinces of the world. The mineralisation comprises primary sulphide mineralisation in the form of chalcocite, bornite and chalcopyrite.

George Bennett, MDM Executive Director said:
“We are thrilled to be working on the Kinsenda project again.  We look forward to continuing our strong working relationship with Metorex”

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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