An engineering design project for a major gold mine in the Kyrgyz Republic is nearing completion by project management and engineering group ProMet Dadi Africa.
The project management and technical process skills for the project were provided by ProMet Dadi Africa in South Africa, while the detailed engineering and procurement interfaces were undertaken by the company’s China-based office, says the company’s managing director Rob Bennett.
“The services provided by the separate offices have been fully integrated to provide the client with a detailed engineering pack suitable for use and adaptation to match Kyrgyzstan’s mining standards and regulations,” he explains.
ProMet Dadi Africa will also soon start work on a large base-metals project in the Northern Cape. Both these projects were awarded after South African project engineering firm ProMet Engineers Africa merged with Chinese engineering group Dadi Engineering Development Group to form ProMet Dadi Africa in October 2011.
Rob Bennett says the merger has had a positive effect on ProMet’s service delivery. “Merging with Dadi has added greatly to our value proposition. The company has an increased project capability and is able to leverage off the cost-efficient Chinese skills, an improved in-house capital base and access to Chinese-linked funding on behalf of our clients.”
The merger has given ProMet, which was an established company providing engineering and consulting services for the mining and minerals industry, an engineering capacity and strong balance sheet, which now enables the company to undertake large-scale lump-sum turnkey projects of up to $300-million.
The additional capital enables ProMet Dadi Africa to provide additional services such as building, owning, operating and transferring financing agreements. This means that the company is able to design and build a complete project (at little or no cost to the government or a joint-venture partner), own and operate the facility as a business for a specified period, after which the company transfers the operation to the project owners.
Rob Bennett says it is becoming apparent that funding for projects in South Africa and Africa often comes from China, as this country aims to secure commodities to fund its economy.
Meanwhile, the company is also working on a number of coal projects in China, has been involved in numerous iron-ore projects in Australia and has completed a feasibility study for an Australian junior’s copper tailings deposit in the Democratic Republic of Congo.