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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Mdm Engin. | LSE:MDM | London | Ordinary Share | VGG5941V1058 | COM SHS USD0.01 (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 168.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMMDM
RNS Number : 6727N
MDM Engineering Group Ltd
30 July 2014
MDM Engineering Group Limited
("MDM" or the "Company")
MDM is awarded the PFS for Sibanye Gold's Beisa Uranium Project
MDM Engineering Group Limited (AIM: MDM), the minerals process and project management company focused on the mining industry in Africa, is pleased to advise that it has been awarded the Pre-Feasibility Study ("PFS") for Sibanye Gold Limited's Beisa Uranium Processing Plant Project.
The project is located at Sibanye's Beatrix Gold Mine which is southwest of the town of Virginia in the Free State Province of South Africa. The Beisa Project incorporates mining of the uraniferous and auriferous Beisa Reef. Locally it forms part of the Beatrix Gold Mine Mining Right and is situated to the west of current Beatrix 4 Shaft workings.
The scope of work includes adding a uranium plant processing module to the existing gold plant. The uranium plant will treat 80 000 tons per month ("tpm") of Beisa uranium ore. A total of 120 000 tpm, comprising 40 000 tpm of Kalkoenkrans reef together with the leached uranium solids, will be processed through the existing Beatrix No.2 Gold Plant. Milling of the ore will be done using the existing SAG milling and thickener circuits.
Martin Smith, MDM CEO said:
"The MDM team enjoy a good relationship with Sibanye Gold. This added to our experience on the Ezulwini gold and uranium project in 2009, will provide valuable insight into executing the project".
Enquiries:
MDM Engineering Group Limited Tel: +27 11 993-4300 Martin Smith (CEO) George Bennett (Executive Director) Canaccord Genuity Limited Tel: +44 (0) 207 523 8000 NOMAD and Broker Neil Elliot Chris Fincken Joe Weaving Tavistock Communications Tel: +44 (0) 207 920 3150 Financial Public Relations and Investor Relations Emily Fenton Jos Simson
KEY INFORMATION:
MDM:
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 including metallurgical test work support, Preliminary Economic Assessments (PEA's), and bankable 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 25 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, and Construction Management "EPCM" or "cost-plus" basis and on a Engineering, Procurement and Construct (EPC) 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.
www.mdm-engineering.com
SIBANYE GOLD LIMITED:
Sibanye Gold Limited ("Sibanye Gold"), owns the Kloof, Driefontein and Beatrix Gold Mines produced a combined 1.42 million ounces of gold in 2013, making Sibanye Gold the largest producer of gold from South Africa and amongst the top ten largest gold producers globally.
Sibanye Gold is domiciled in South Africa with its primary listing of shares on the JSE and a secondary listing of American depository receipts on the NYSE.
www.sibanyegold.co.za
This information is provided by RNS
The company news service from the London Stock Exchange
END
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