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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Latest Statement:


28 September 2012

Watermark Global Plc


Interim Results for the six months Ended 30 June 2012

Watermark Global ( WET:LSE), the AIM-quoted company with Investments in acid mine drainage and coal briquetting in South Africa announces its interim results today.

Highlights:

Sale of subsidiary Western Utilities Corporation (Pty) Ltd (“WUCâ€) to Mine Restoration Investments Ltd. (“MRIâ€) for a total of £4.5m Re-categorised as an investment company on AIM.

MRI briquetting project making good progress with pilot plant about to commence and commercial scale start-up set for February 2013

Profit after tax to 30 June 2012 was £2,716,000 (2011 loss: £620,000), earnings per share of 0.17p (2011 loss: 0.076p per share)

Stated net asset value at 30 June 2012 was 0.33p per share

Results Summary:

Profit after tax for the six month period ended 30 June 2012 was £2,716,000 (2011: loss of £629,000), a profit of 0.17p per share (2011: loss of 0.076p per share). This profit is inclusive of the gain made in the sale of WUC to MRI of £2,751,000. The cash position of the Company at 30 June 2012 was approximately £796,000.

Full Statement:

http://www.watermarkglobalplc.com/documents/news/2012_09_28_interim_report.pdf

From Stockopedia,south africa president decree AMD steps taken before 2013 !


http://www.stockopedia.co.uk/content/watermark-global-plc-new-beginnings-68663/

Sunday November 11th 2012

A South African Presidential statement was issued on the 17th of october 2012 with a number of measures relating to the economy including AMD ( Acid Mine Drainage ).

Part 3 : Section 1

Infrastructure

Accelerate the implementation of a long term sustainable acid mine drainage solution, with steps taken by 2013.

Full Presidential Statement Here : http://tinyurl.com/adxxf8v