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Company Information for Watermark Global Plc

Company stock charts - 6 Month chart

Exchange AIM; WET


View full financial data

Company Statement

Watermark Global plc was initially (Watermark) listed on AIM in February 2006 as Microfuze International plc (MFZ). In February 2008, MFZ changed its name to Watermark Global plc to reflect its focus on developing innovative environmental solutions in water management with a key focus on Acid Mine Drainage (AMD) in South Africa.

The company has developed a water treatment technology and commercialisation entity for application in a government mandated AMD clean-up programme in South Africa. This technology, is purpose-specific processing of AMD and is being developed on behalf of the mining interests to meet legislated requirements. Through Western Utilities Corporation, a wholly owned subsidiary of Watermark, the water will be treated to a drinkable standard, transported and sold to reduce dependence on the expensive and limited potable water reserves.

As the project scales up, it is anticipated that there will be an increase in demand from numerous additional industrial buyers of the treated water due to the fact that the existing natural water resources are over-subscribed by rapidly increasing residential demands, whilst the industrial base continues to expand. The pre-feasibility study indicated that the re-cycled water can be delivered at a very attractive and sustainable price.


Current Operations

Process Plants

The Council for Scientific Industrial Research Pilot Plant – Gypslim Plant

The Plant uses the Gypslim (Alkali, Barium, Calcium) process (patented, designed and operated by the CSIR) to produce potable quality water at a processing rate of one cubic metre per hour.



The By-Product Recovery Plant
The By-Product Recovery Plant will be designed, engineered and operated by the CSIR, Key Structure Holdings and Sulphidetech to process and isolate by-products produced by the Gypslim water treatment process.


Geographical Spread

South Africa


Board of Directors and Key Management

Peter Ashley Marks (Chairman)
Wilhelm Jacobus Schoeman (Managing Director and CEO of Western Utilities Corporation)
Dirk Albertus Kotze (Chief Financial Officer and Director)
Adam Gunn (Non-executive Director)

Company Address

42 Queen Anne's Gate
London, United Kingdom SW1H 9AP

Telephone:+27 12 661 3602
Facsimile:+27 86 647 1183
Email:c.zorab[at]googlemail.com
Website:http://www.watermarkglobalplc.com

Additional Address/Key Contact

PR contact
Charles Zorab
+44 207 233 1462

Capital

June 2009: 679,3 million shares in issue
(c 704 million fully diluted)

Annual General Meeting

London

Nominated Brokers

Cenkos Securities

Nominated Advisors

Cenkos Securities

Major Shareholders

Bell Potter Securities22.1%
Hargreave Hale14.7%
Queensland MM Prty8.8%
Peregrine Corporate6.2%
Savoy Investment Management5.9%
Hoodless Brennan4.4%
Wms de Broe Investment Management3.4%

Related News

13/08/09 - Watermark Global Sets Out An Ambitious Timetable To Take Its Acid Mine Drainage Treatment Project Into Production By 2011
09/01/09 - Watermark Global Aims To Turn Acid Mine Drainage Into Drinking Water: Even The Greens Can’t Argue With That Idea
07/05/08 - Watermark Global Intends to Clean Up South Africa’s Acid Mine Drainage At A Profit

Most Recent Statement

21/12/09 - Watermark: Final Scoping Report Approval
30/10/09 - Company update
05/10/09 - Update on Bankable Feasibility Study
09/09/09 - TIGHT DEADLINE’ FOR DECISIONS ON WITS BASIN ACID MINE DRAINAGE PLAN
01/09/09 - Issue of Equity
01/09/09 - Half-yearly Report

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