Business
Midlands Minerals Announces Agreement With South Africa's E+PC Engineering & Projects Company
Midlands Minerals Announces Agreement With South Africa's E+PC Engineering & Projects Company
About this update from King Global Ventures Inc.
[{"type":"text","content":"\nMidlands Minerals Announces Agreement With South Africa's E+PC Engineering & Projects Company\n\n\n Jun. 24, 2009 (Baystreet.ca) -- TORONTO, ONTARIO -- Midlands Minerals Corporation (\"Midlands\" or the \"Company\")(TSX VENTURE: MEX) is pleased to announce the Company has reached an indicative agreement with South Africa's E+PC Engineering & Projects Company Limited (\"E+PC\") under which E+PC will provide technical and engineering services to Midlands on the Sian gold project in Ghana. E+PC has extensive experience in bringing mines into production, and in refurbishing gold processing plants all over Africa, including the CIL (Carbon in Leach) expansion at GoldFields' Tarkwa Mine in Ghana. E+PC's access to project financing will enhance Midlands' financial resources and provide the Company with the ability to proceed with growth projects in parallel.\n\nThis agreement, details of which are in the process of finalization, creates a clear and focused arrangement which brings together a new combined team with Midlands bringing extensive geological and exploration experience, and E+PC bringing strong engineering, technical and operational expertise. This partnership will result in continued value creation for Midlands and its Shareholders. The terms of the arrangement are currently being finalized by the two parties. \nE+PC will provide Midlands with a broader base of technical, operational and project management services as Midlands moves the Sian gold project towards production. \"This arrangement brings together two highly skilled management teams with broad African experience, and offers a huge pool of collective experience in gold exploration, mining operations and project management,\" said Kim Harris, President and Chief Executive Officer. \nThe first priority is to conduct a scoping study on Sian with the view to update the feasibility study done by the previous owners. The second priority is to conduct a review of the existing CIL plant and to determine what costs are associated with re-commissioning the plant. E+PC's project development experience will ensure the appropriate sequencing of work programs and reduce risks. \nABOUT E+PC ENGINEERING & PROJECTS COMPANY LIMITED \nE+PC Engineering & Projects Company Limited (E+PC) is wholly owned subsidiary of Aveng (Africa) Ltd and offers engineering, design, project and c...