Press releases

MDM project pipeline shift

MDM awarded the BFS update for the Kalukundi copper cobalt project in the DRC

13 June 2011

MDM Engineering Group Limited (“MDM”) is pleased to announce that it has been awarded the increased throughput design update and cost revalidation of the Bankable Feasibility Study (BFS) for Africo Resources’ Kalukundi Project, located in the Katanga Province of the Democratic Republic of Congo (DRC), which borders Zambia to the south.

In May 2006 MDM completed a BFS, based on a throughput of 800,000 ton per annum plant, on the Kalukundi Copper / Cobalt Deposit.

Africo has now requested that MDM complete a review and cost update for the BFS and the Front End Engineering Design (FEED) that was previously completed. The review will be based on the throughput of 1.25 million tonnes per annum that was evaluated during the FEED.

George Bennett, MDM Executive Director said:
 “MDM is pleased to be working with Africo on the next phase of the Kalukundi project.  We believe that our team’s extensive experience in the DRC will be of great value to this project”.

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.

The MDM Engineering core technical team has a 23 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)
George Bennett (Executive Director)
Dominique de la Roche (Finance Director)
Tel: +27 (0) 11 993 4300

Collins Stewart Europe Limited

Adrian Hadden
John Prior
Tel: +44 (0)20 7523 8350

 

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