:: Award of US$100m contract from Dynatec Madagascar SA

Bateman Engineering is pleased to announce the signing of a contract with Dynatec Madagascar SA (DMSA), valued at approximately US$100m, for the provision of sulphuric acid facilities for its Ambatovy Nickel project in Madagascar.

The engineering and procurement project is to commence immediately with mechanical completion of the first of the two sulphuric acid plants scheduled for September 2009, with the first sulphuric acid plant to be commissioned immediately thereafter and the second one following approximately three months later.

The contract covers the design, engineering and procurement of a single sulphur melting and filtration circuit with two separate stand alone 2,750 tonnes per day sulphuric acid plants, thus providing 5,500 tonnes per day of acid production capacity.

The process engineering will be undertaken in collaboration with Canadian technology company Noram Engineering and Constructors Limited (“Noram”) who are the holders of the underlying process technology, and with whom Bateman Engineering have entered into a long term Technology Licence Agreement.

Commenting on the award, Dr Sivi Gounden, CEO of Bateman Engineering, said:

“This contract is the first ‘greenfield’ sulphuric acid plant to be built by Bateman Engineering in the recent past and therefore marks an important re-entry into this significant utility market together with our technology partners, Noram. We see this as a key opportunity to build a state-of-the-art reference plant.”