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Baldmin clinches US$1.2m deal in DRC

BUSINESS REPORTER

Engineering concern Baldmin Projects has clinched a US$1.2m manufacturing deal in the Democratic Republic of Congo as the company extends its footprint in the Southern Africa region.

The entity, a unit of Baldmin Holdings, has been awarded two tenders to manufacture warehouses for Lulu KCC Mine, a division of Glencore group of mines worth over $1,2m.

The company will supply consumables for six months under the first phase of the project and the project will be renewed for another 12 months

Baldmin Holdings founder and managing director Costar Mangwende said he was excited the organisation was growing from strength to strength after facing challenges related to the Covid-19 pandemic which disrupted businesses all over the world.

“Our vision is to become the most preferred supplier of mining and engineering equipment, spares in the region. We want to grow our business locally and in the SADC region as we seek to bring back the much-needed foreign currency in the country hence creating more employment opportunities,” Mangwende said.

He said the company was getting inquiries from the DRC but our biggest challenge is funding most banks are hesitant to offer project funding even in South Africa but we are managing and working with our clients on how best to deliver the projects.

Baldmin Projects is also doing gold processing plants (leach plants) worth over US$850,000 for Urumaya, a Bulawayo-based company that is part of the LOC group of companies.

Baldmin runs offices and workshops in South Africa, Zimbabwe, and Lubumbashi DRC.


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