Zimbabwe central banker stockpiles gold to bolster ZiG currency
The ZiG - short for Zimbabwe gold — is the nation’s sixth attempt at having a functioning local currency in the last 15 years.
MDM Engineering Group Limited (MDM) is pleased to announce that it has been awarded the engineering, design, project and construction management (EDPCM) for Kalagadi Manganese (Pty) Ltd’s crushing and screening plant, for their Umtu Project currently under construction at Hotazel in South Africa.
MDM has been involved with the project since 2007 with the award of the Bankable Feasibility Study (BFS) which was completed in 2008. MDM also completed the Front End Engineering and Design (FEED) for this project in early 2009. This award is an extension of the current EDPCM contract awarded to MDM in November 2010. The project scope that MDM is responsible for is increased by an estimated value of some +/-US$ 50 million.
“This increase in the scope of work reaffirms MDM’s strong relationship with the Kalagadi team and our commitment to assisting Kalagadi with the development of this major project which will be the first BEE (black economic empowerment) grass roots mining project developed and controlled by women in South Africa. It is the third manganese project that MDM has been involved in over the last three years in South Africa and confirms MDM’s expertise in designing manganese process plants,” said MDM Executive Director George Bennett.
