Clarity and E+PC Enter into Strategic Alliance to Develop Mining Assets in Zimbabwe.
Clarity Capital Ltd. (“Clarity”) and E+PC Engineering & Projects Company Limited (“E+PC”), a subsidiary of the JSE listed Aveng Group, one of the largest infrastructure development and engineering companies in Africa, are pleased to announce that they have entered into an exclusive strategic alliance agreement to develop certain specified minerals, including gold, in Zimbabwe (the “Agreement”).
The strategic partnership brings together the skills and resources of one of Africa’s pre-eminent engineering companies with Duration Gold Limited (“Duration”), Clarity’s flagship gold vehicle in Zimbabwe.
E+PC based in South Africa, specializes in engineering, design and project delivery services as well as the operation and maintenance of metallurgical processing plants, is well positioned to assist Clarity, a private mining house with a portfolio of mineral companies and projects across Africa. Duration, an emerging gold producer, will be the first Clarity company to benefit from this new alliance.
Allan Dolan, Executive Chairman of Clarity, said
“E+PC brings a capable and comprehensive set of skills which meld with our own strengths as finders and developers of profitable mineral companies. Together we will be able to develop our Zimbabwean asset base rapidly and to world class standards. We are delighted to have an alliance with such a respected international company. It is a vote of confidence in both our people and our Zimbabwean asset base”
Mark Berger, Director of Business Development for E+PC, said
“Clarity’s early mover strategy offers us a unique opportunity to further expand our market in Zimbabwe which we see as re-emerging with huge growth potential. We are extremely pleased to have found a partner that shares our philosophy and has a similar culture with credible management and attractive assets. We are looking forward to a long and profitable business relationship.” The alliance is effective immediately. It launches with the development of Duration’s Vubachikwe high grade tails re-processing project, the initiation of bankable feasibility studies for the expansion of the Vubachikwe mine and the development of the Athens and Gaika mines. A pipeline of additional Duration and third party projects are under review.
About E+PC and Clarity Capital
Clarity Minerals Ltd.
Clarity Minerals Ltd is an African based, integrated, private mining house wholly owned by Jersey headquartered Clarity Capital Group. Clarity's international mineral team consists of over 30 highly experienced technical and commercial specialists that thrive on founding and growing successful mineral companies in Africa. Clarity's current company portfolio consists of 8 project companies with operational offices in Africa, including Zimbabwe, and corporate offices in the UK, South Africa and Canada. Clarity strives to deliver extraordinary capital appreciation through responsible mineral exploration and development.
E+PC Engineering & Projects Company Limited
E+PC is a Johannesburg based wholly owned subsidiary of Aveng (Africa) Limited providing professional process design, detailed engineering design, project and construction management services to a wide range of industries, including the mining industry. Minerals processing design is a core competency of the company whose capabilities range from study type work, from conceptual to bankable level, through to implementation of complete large multidisciplinary mineral processing projects, and operation thereof if appropriate. The company has an extensive track record delivering complex multidisciplinary projects in Sub Saharan Africa including a number of very remote locations, some of which are also being operated by E+PC Operations.
Contact
Clarity Capital Ltd
Allan Dolan/Carmen Storey
Tel +44 (0) 20 7591 4438
Pelham Bell Pottinger
Charles Vivian
cvivian@pelhambellpottinger.co.uk
Tel +44 (0) 20 7743 6670 / 6375