TIDMMDM

RNS Number : 5310A

MDM Engineering Group Ltd

20 February 2014

MDM Engineering Group Limited

("MDM" or the "Company")

Award of DFS for BRPM 250 ktpm Merensky upgrade & 100 ktpm Merensky Concentrator in South Africa.

MDM Engineering (AIM: MDM) the minerals process and project management company focused on the mining industry, is pleased to announce that it has been awarded the definitive feasibility study ("DFS") for Royal Bafokeng Platinum's ("RBPlat") 250,000 tonnes per month (tpm) Merensky upgrade at its Bafokeng Rasimone Platinum Mine ("BRPM") in South Africa.

The BRPM Concentrator, is a joint venture Platinum operation between RBPlat and Anglo American Platinum, and was initially designed to treat 200,000 tpm of Merensky ore.

MDM has also been awarded a second DFS for the stand-alone 100,000 tpm Merensky Concentrator, which is to be erected adjacent to the existing BRPM concentrator.

Jeff Stevens, MDM Principal Study Manager, said:

"MDM is thrilled to be working on yet another PGM project after the successful construction and commissioning of the Tharisa expansion project in South Africa in 2012. MDM's PGM execution and study experience will bring a large body of knowledge to the BRPM projects. We look forward to building on our strong working relationship with the stakeholders of these projects."

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.

For more information, please visit www.mdm-engineering.com

Royal Bafokeng Platinum (RBPlat):

RBPlat is an independently operated and managed, BEE-controlled mid-tier platinum group metals producer whose current mining operations and planned expansion prospects are based on the Bushveld Igneous Complex (the "Bushveld Complex") in the North West Province, South Africa, the largest source of platinum group metals in the world. BRPM's prime location and easy access to infrastructure means that it is ideally positioned for regional consolidation with neighbouring mines.

The company's key asset is a 67 percent interest in the BRPM JV, a joint venture between itself through its wholly-owned subsidiary, Royal Bafokeng Resources Proprietary Limited (RBR) and Rustenburg Platinum Mines Limited (RPM), a wholly-owned subsidiary of Anglo American Platinum Limited established to exploit platinum group metals in the Merensky and UG2 reefs on the Boschkoppie, Frischgewaagd and Styldrift farms in the Rustenburg area.

The BRPM JV was originally formed as a 50:50 joint venture in January 2002 and was restructured in December 2009 to enable RBR to acquire a majority 67% interest in the joint venture effective 7 December 2009, with RPM holding the remaining 33% interest. RBPlat took over operational control of the BRPM JV in January 2010 and the company listed on the JSE Limited on 8 November 2010. RBPlat has a current market capitalisation of around R11 billion.

For more information, please visit www.bafokengplatinum.co.za.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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