MDM Engineering Group Ltd (MDM.LN), a project management company focused on the mining industry, said Monday that it has been awarded the scoping study for the Gold One International Ltd and Gold Fields Ltd joint venture project to investigate the economic viability of reclaiming historical tailings deposits in South Africa.

MAIN FACTS:

-Sites are within the Carletonville, Westonaria and Randfontein areas of the Witwatersrand, west of Johannesburg.

-Projects' intent is to extract residual gold, uranium and sulphur.

-MDM has also recently been appointed by Gold One to undertake the definitive feasibility study review, value engineering and re-estimation of the capital cost for the Cooke Uranium Project.

-It has also been appointed to review and update the previous prefeasibility study for the reclamation and reprocessing of the Randfontein tailings deposits and to upgrade the study to a definitive feasibility study.

-Shares at 0704 GMT, up 2 pence, or 1.9%, at 108 pence valuing the company at GBP39.49 million.

-By Rory Gallivan, Dow Jones Newswires; 44-20-7842-9411; rory.gallivan@dowjones.com

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