MDM Mdm Engin.

TIDMMDM

RNS Number : 2284M

MDM Engineering Group Ltd

22 August 2013

MDM Engineering Group Limited

("MDM" or the "Company")

Awarded the completion and commissioning contract for AngloGold Ashanti's MWS uranium project, South Africa

MDM Engineering (AIM: MDM), the minerals process and project management company focused on the mining industry, is pleased to announce that AngloGold Ashanti ("AGA") has awarded the completion and commissioning of the MWS uranium plant in Stilfontein, South Africa, to MDM.

MDM has a long history with the MWS project having commenced work on Phase 1B in January 2008, which saw a doubling of the throughput of the project from 650,000 tonnes per month ("tpm") to 1.283 million tpm, treating the reclaimed tailings for the recovery of both gold and uranium. The Phase 2 module was then completed in 2011 and the plant treated an additional 650,000 tpm of gold reclaimed tailings. Phase 2 also included a reclamation station pumping the material 12 km to a carbon in leach and elution plant, as well as all adjoining infrastructure. In total, MDM laid 72 kilometres of pipeline for Phase 1B and Phase 2.

All work for the current award will be carried out in accordance with the original standards and specifications used by MDM during the original implementation of the uranium plant, undertaken by First Uranium before the uranium project was stopped and mothballed.

Martin Smith, MDM Chief Executive Officer said:

"MDM are pleased to have secured work with another major blue chip mining company. We look forward to building a strong relationship with AngloGold Ashanti in the completion and commissioning of the MWS uranium plant."

Enquiries:

MDM Engineering Group Limited

   Martin Smith (CEO)                                Tel:  +27 11 993-4300 

George Bennett (Executive Director)

   Canaccord Genuity Limited                   Tel: +44 (0)20 7523 8000 

Andrew Chubb / Joe Weaving

   Tavistock Communications                   Tel: +44 (0) 207 920 3150 

Jos Simson / Emily Fenton

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

ANGLO GOLD ASHANTI:

AngloGold Ashanti, one of the world's foremost gold exploration, mining and marketing companies, holds a portfolio of operations and projects on four continents, and has a worldwide exploration programme. We work across the full spectrum of the mining value chain, and are concerned with the impact of our activities on the diverse communities and environments in which we operate.

Headquartered in Johannesburg, South Africa, AngloGold Ashanti has 21 operations in 10 countries. Major development projects are Tropicana located in Australia, Kibali in the Democratic Republic of the Congo (DRC) and La Colosa in Colombia.

www.anglogold.co.za

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCBUGDICXDBGXB

Mdm Engin. (LSE:MDM)
Historical Stock Chart
From Oct 2024 to Nov 2024

Mdm Engin. (LSE:MDM)
Historical Stock Chart
From Nov 2023 to Nov 2024