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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.
The company has procured a water treatment technology and
commercialisation entity for application in a government
mandated Acid Mine Drainage (AMD) clean-up program in South
Africa. This technology, which will conclude its ”proof of
concept” stage by the end of 2008, is purpose-specific
processing of AMD and is being developed by the mining interests
to meet legislated requirements. Through a subsidiary of
Watermark Global plc, the water will be treated, transported and
sold back into industry to reduce dependence on the expensive
and limited potable water reserves. Future enhancements may well
see the water improved to a drinkable standard. |
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The immediate market for the treated water is
assured through the direct participation of the implicated
mining companies in the project. 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. Early financial
models indicate that the re-cycled water can be delivered at a
very attractive and sustainable price. |
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