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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 : 0994F
MDM Engineering Group Ltd
22 April 2014
MDM Engineering Group Limited
("MDM" or the "Company")
MDM receives order to execute Sibanye Gold's Driefontein DP2 CIL Circuit Installation Plant
MDM Engineering Group Limited (AIM: MDM), the minerals process and project management company focused on the mining industry, is pleased to advise that it has been awarded the engineering design, procurement, construction and project management ("EPCM") contract for the execution of Sibanye Gold Limited's ("Sibanye Gold") Driefontein number 2 metallurgical plant ("DP2") gold project.
Sibanye Gold is a proudly South African gold mining company with three principal operations, namely Kloof and Driefontein in the west Witwatersrand region and Beatrix in the Free State. Sibanye Gold is the largest producer of gold from South Africa and amongst the top ten largest gold producers globally.
The scope of work for the DP2 project includes the EPCM of an 180,000 tonnes per month true Carbon-In-Leach plant that can be expanded with a duplicate plant to 300,000 tonnes per month in future. The project is scheduled for completion in the last quarter of 2014.
John Edwards, MDM Principal Process Engineer said:
"MDM are pleased to be working with Sibanye Gold on yet another one of their projects. This is MDM's 12(th) gold project in South Africa and 33(rd) gold project overall."
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 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 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 which are forecast to produce 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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