New South African Company Listed on JSE, Water Market

water stocks South Africa

Aveng had formed a new company, called Aveng Water, said CEO Roger Jardine on Monday as he announced the company’s results for the six months ended December 31, in Johannesburg.

The new company would house all of the JSE-listed entity’s aspirations for the water market, he noted, especially in the acid main drainage and desalination industries.

The initial target market was the mining sector, said Jardine, however, there was also room to bring the municipal sector on board.

Aveng was looking to double the amount of water it treated within the next few years.

Jardine said it was Aveng’s intention to “substantially increase” its water offerings to the market, mainly through the use of the HiPRO technology developed at its Keyplan subsidiary.

Keyplan is able to treat acid mine drainage, while it also officially launched the 55 000-m³/d Trekkopje seawater desalination plant, near Swakopmund, in Namibia, in April last year.

The plant, which Keyplan designed and built, converts seawater from the Atlantic Ocean into potable water for use at Areva Resources Namibia’s Trekkopje opencast uranium mine.

Source: Engineering News

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