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INTRODUCTION AND HISTORY |
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Watermark Global plc was initially, 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 in South Africa. In addition, it has development
core-competence in the field of project management, plant
management and the development of water management strategies
for companies with waste water problems.
The Company’s flagship project is the Acid Mine Drainage
(AMD) project in South Africa. The company, through its
wholly owned subsidiary, Western Utilities Corporation (Pty)
ltd. (“WUC”) has procured a water treatment technology and
commercialisation entity for application in a Government
mandated AMD clean-up program in South Africa. This technology,
which concluded its ”proof of concept” stage in October 2008,
with completion of the Definitive Feasibility in November 2009,
is purpose-specific processing of AMD and was developed in
conjunction with the mines to meet legislated Government
directive requirements. The water will be treated, transported
and sold back into industry to reduce dependence on the
expensive and limited potable water reserves. The immediate
market for the treated water is assured through the direct
participation of the implicated mining companies in the project,
but only accounts for approximately a third of the AMD produced
from the three basins. The additional water, which is not
consumed by industry, will be converted into potable water which
could be distributed to a bulk service provider, or used to
augment stressed river systems.
The development of the AMD project has led to a number of
opportunities, including the management of significant water
treatment facilities, the development of waste water management
strategies, as well as the project management of upgrade
projects for mines participating in the AMD project and other
industrial water users. |
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OBJECTIVES |
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The main objectives of Watermark Global plc
can be described as follows:
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Becoming the world leader in ACID Mine
Drainage solutions.
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The establishment of a world class water
treatment management company.
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Develop and commercialise new water treatment
and related technologies.
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Establish core competencies in the areas of
waste water treatment, plant operations and project management.
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COMPANY STRUCTURE |
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Watermark Global plc is an AIM Listed company
with subsidiaries in the BVI and South Africa. The company
structure is depicted in the picture below.
Water Utilities Limited is a private company incorporated in the
British Virgin Islands and a wholly owned subsidiary of
Watermark Global plc.
Western Utilities Corporation is a private company incorporated
in South Africa and a wholly owned subsidiary of Water Utilities
Limited.
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