Analyst Research Report Snapshot

Title:

MDM ENGINEERING GROUP - BFS WINS & EPS UPGRADE

Price:

$10.00

Provider:

Edison Investment Research

Date:

29 Nov 2011

Pages:

6

Type:

AcrobatPDF

Companies referenced:

MDME.L

Available for Immediate Download
Summary:

MDM Engineering Group (MDME) was recently awarded the execution contract on a lump sum turnkey (LSTK) basis for an alloy atomisation process plant for Mintek at its facilities in Johannesburg. This comes on the back of the bankable feasibility study (BFS) by African Barrick Gold (ABG) for a 2.4Mtpa CIL gold plant to treat the reclaimed tailings and flotation rougher tailings at ABG’s Bulyanhulu Gold Mine in Tanzania. For those projects that are subsequently given the go-ahead, MDME and its key staff have a 90% historical success rate of converting BFS into full execution contracts. The BFS is a major milestone in MDME ultimately being awarded the Bulyanhulu execution contract, as is the BFS for a modular gold recovery plant for Taung Gold’s Evander 6 shaft project, won in July.

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