Giprotsvetmet and DRA Projects Pty Ltd, a division of DRA Global (“DRA”), agree to establish a joint venture engineering company.
JSC “Giprotsvetmet” (part of the holding “RT-Business Development” of the Russian State Corporation Rostec) and engineering company DRA Projects (regionally headquartered in South Africa) have entered into an agreement to create a joint venture to tap into the growing opportunities in Russia and the CIS countries. The agreement was signed on 24 October 2019 in Sochi, within the Russia-Africa Economic Forum.
The joint venture company will provide a full range of engineering services to the mining industry in Russia and the CIS countries by using best international standards and practices to develop project concepts, feasibility studies, mining and mineral processing audits and consulting as well as the development of EPC/M services.
“The signed agreement will allow Giprotsvetmet, together with DRA, to offer complex services to mining companies in Russia and the CIS countries. We aim to provide the best international expertise, with due consideration for local legislation and regulatory requirements. This collaboration is also aimed to develop the EPC/M services for the mining projects in Russia” – said Mikhail Ulyanov, Chairman of the Board of Directors of Giprotsvetmet.
The collective expertise of Giprotsvetmet and DRA will primarily service large mining and production projects scheduled for implementation in Russia in the coming years within the in gold, platinum metals group, copper, nickel and associated sectors.
“The Russian and the CIS markets present an exciting opportunity for DRA. The extensive experience and broad competencies of both organisations will add tangible value to clients in the region through the effective implementation of projects,” – said Christo Visser, Senior Vice President of DRA.
DRA Global is a diversified global engineering, project delivery and operations management group headquartered in Perth, Australia, with an impressive track record spanning more than three decades. Known for its collaborative approach and extensive experience in project development and delivery, as well as turnkey operations and maintenance services, DRA Global delivers optimal solutions that are tailored to meet clients’ needs.
With expertise in the areas of project development, mining, mineral processing, plant optimisation, operational readiness, systems integration, operations and maintenance and related water, energy, industrial and infrastructure requirements, DRA Global delivers truly comprehensive solutions to the resources sector. DRA Global employs over 4500 people and offers flexible engineering and operations management services worldwide through 18 offices.
Senior Vice President - DRA Global