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Tuesday 01 September, 2009

MDM Engineering Gp

Awarding of contract

RNS Number : 2341Y
MDM Engineering Group Ltd
01 September 2009
 



1st September, 2009

MDM Engineering Group Limited

'MDM' or 'the Company'


MDM Engineering awarded Rand Uranium scoping study

MDM Engineering Group Ltd (AIM: MDM), the minerals process and project management group that provides services to the mining industry in Africa, is pleased to announce that it has been awarded the contract to undertake a scoping study for Rand Uranium (Pty) Ltd.

The scoping study will explore the economic viability of reprocessing medium grade gold and uranium tailings and the retreatment of the concentrate at a new plant as supplementary feed. 

The tailings will be fed from Rand Uranium's Millsite, Lindum and Old 4 dumpsituated in the Westonaria region of South Africa

Rand Uranium (Pty) Ltd is a company spun out of gold major Harmony Gold which holds a 40% stake with the remaining 60% interest owned by US-backed Pamodzi Resource Fund.  

The MDM Engineering team has a 20 year track record of undertaking scoping and feasibility studies, including designing and constructing some 52 metallurgical plants throughout Africa.  The team's previous uranium experience includes the construction of two leach uranium plants in South Africa and a Definitive Costing Study in Zambia.


Grant Lowman, MDM Engineering CEO commented:

'We are delighted to have been awarded this scoping study for another gold and uranium tailings treatment. We look forward to establishing a strong working relationship with Rand Uranium as our team builds on its substantial experience and reputation in the uranium industry

Enquiries: 

MDM Engineering Group Limited
Grant Lowman/George Bennett  
         Tel:  +27 11 993-4300             

Numis Securities Limited 
John Harrison (Nominated Adviser)      Tel: +44 (0) 20 7260 1000        

James Black (Corporate Broker)

Pelham Public Relations
Candice Sgroi                                 Tel: +44 020 7337 1533
Ja
mes MacFarlane                           Tel: +44 020 7337 1527


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 20 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. 




This information is provided by RNS
The company news service from the London Stock Exchange
 
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