MDM Engineering Group Limited, the minerals process and project management company focused on the mining industry in Africa, is pleased to confirm that approval for the proposed merger with Foster Wheeler AG (Nasdaq: FWLT) has been received from the Tanzanian Fair Competition Commission.
The application with the South African Competition Commission is progressing with a determination expected during August 2014.
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 including metallurgical testwork support, Preliminary Economic Assessments (PEA’s), and bankable 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.