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2011 AND BEYOND

2011 AND BEYOND. IN 2010 MDM SAW REQUESTS FROM THE INDUSTRY FOR. Re-costing of old BFS’s Re-validating of CBE’s (control budget estimates) New study requests picked up dramatically: Scoping Studies – 11 PFS – 13 BFS - 19. IN 2011 MDM FORSEES. High commodity prices being sustained in:

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2011 AND BEYOND

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  1. 2011 AND BEYOND

  2. IN 2010 MDM SAW REQUESTS FROMTHE INDUSTRY FOR • Re-costing of old BFS’s • Re-validating of CBE’s (control budget estimates) • New study requests picked up dramatically: • Scoping Studies – 11 • PFS – 13 • BFS - 19

  3. IN 2011 MDM FORSEES • High commodity prices being sustained in: • Gold; • Copper; • Uranium; • Iron ore; • REE’s • Coal • Resulting in: • Real project spend starting again; • Requests for fast track execution from clients to benefit from high prices.

  4. COUNTRIES/REGIONS GENERATING INTEREST IN AFRICA • North Africa – Morocco, Mauritania; • West Africa – Ghana, Côte d’Ivoire, Burkina Faso, Liberia, Sierra Leone, Mali, Senegal; • Central Africa – DRC, Zambia; • East Africa – Tanzania, Eritrea, Ethiopia, Uganda; • Southern Africa – Zimbabwe, Mozambique, Namibia, Botswana, South Africa (Limited)

  5. THE INDUSTRY CHALLENGE’S MDM FORESEES • In 6-9 months a significant skills shortage again • A move towards LSTK/EPC away from EPCM contracting in projects under US$ 100 million • Projects impacted by: • Supply lead times increasing again; • Project time lines/schedules increasing again; • Project costs increasing again; • Industry under pressure – déjà vu 2007/8.

  6. MDM ANTICIPATES • Significant new contract awards during 2011; • Margins should improve for engineering companies; • Need for efficient cost control, planning, project management, QA and QC; • To ensure projects remain ON TIME and ON BUDGET.

  7. WHO WE ARE • A process engineering and project management company whose technical team has a 23-year track record • Staffed by skilled professionals with experience in 32 countries, of which 20 were on the African continent • Africa Focused • Listed on the London Stock Exchange (AIM)

  8. WHAT WE’VE DONE • 63 Bankable feasibility studies • Over 96% of BFS went on to receive third party financing • Constructed 52 metallurgical plants • All producing above design capacity • Commodities • Gold Uranium • Base Metals Ferro Metals • PGM’s Industrial Minerals • Coal Diamonds

  9. WHAT DO WE DO • Project Evaluation through • Scoping Studies • Pre-Feasibility Studies • Bankable Feasibility Studies • Design - Metallurgical process development and specialised engineering and design of metallurgical plants • Construction - Construction and commissioning of plants and associated infrastructure • Project Management - Total Project Execution • Manage medium to large size mining projects on an international basis

  10. DOING IT SAFELY • Total commitment to safety • “ZERO HARM” attitude towards fatalities, LTI’s and recordable incidents • Managing H,S & E is a critical business activity

  11. Thank You MDM staff induction artwork The MDM team

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