mdm engineering group ltd (MDM) Snapshot

MDM Engineering Group Ltd. expects to report revenue of USD 138.3 million, up by 155% from the previous years' USD 89.1 million, and net profit before tax of approximately USD 20.3 million, up by 260% from the previous years USD 7.8 million, for the financial year ended March 31, 2013.

MDM Engineering Group Ltd. announced that it has been awarded the Front End Engineering and Design ("FEED") contract for GoGold Resources ("GoGold") Parral Tailings Project in Chihuahua, Mexico (the "Project"). The Project will be going straight into execution following the completion of the FEED. The Project comprises dry land tailings deposited from the historical Mina la Prieta silver and base metal mine. The tailings were deposited in two separate areas referred to as Zones 1 and 2.

MDM Engineering Group Limited announced that it has signed the EPC contract for the execution of a 2.4 million tonnes per annum gold plant for African Barrick Gold's Bulyanhulu Process Plant Expansion project in Tanzania. MDM successfully completed the bankable feasibility study in December 2011 followed by value engineering in March and April 2012.  MDM is now executing the project which includes construction of a new 2.4Mtpa CIL facility to process tailings reclaimed from the historical tailings concurrently with current flotation tailings.