MDM Engineering Group Limited Concluded PFS for West Rand Tailings Retreatment Project in South Africa

MDM Engineering (AIM: MDM), the minerals process and project management company focused on the mining industry, is pleased to advise that it has concluded the pre-feasibility study (“PFS”) for the Gold One International Limited (“Gold One”) and Sibanye Gold Limited (“Sibanye Gold”) joint venture West Rand Tailings Retreatment Project (“WRTRP”).

Together the companies have been investigating the economic viability of jointly reclaiming historical tailings deposits and concurrently reprocessing current arisings at a number of sites within the Carletonville/Westonaria/Randfontein area of the Witwatersrand, west of Johannesburg.

On 21 August 2013, Gold One and Sibanye Gold jointly announced that they had entered into an agreement which will see Gold One merging its 74% shareholding in and claims against Newshelf 1114 Proprietary Limited, which holds a 100% shareholding in Rand Uranium and will also hold 100% of Ezulwini after an internal restructure, in exchange for a 17% interest in the fully diluted share capital of Sibanye Gold through the issue of new ordinary shares.

The objective of the PFS completed by MDM was to determine a base case to be used for a future definitive or bankable feasibility study.
Dave Dodd, MDM Chief Metallurgist said:
“MDM is thrilled to be working on yet another gold project in South Africa. The Company is in a unique position to add great value to the WRTRP having previously gained experience and knowledge from working on the West Wits Tailings project feasibility study for Gold Fields.”
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