Aviva will lose P64m it spent on development
Wednesday, October 06, 2010
The Australian resource development company first hit local shores in June 2007 via an agreement with citizen-owned Mawana Minerals. Under the deal, Aviva earned 90 percent equity in the project through the fulfilment of various conditions such as exploration expenditure.
Nearly three years to the day, Aviva has announced that while its expenditure in Mmamantswe has earned it the 90 percent stake, the 10.1 million Australian dollars spent on the project will be unrecoverable.
The Ministry of Agriculture, local producers, retailers, and industry associations must work together to overcome the obstacles hindering vegetable production and distribution.This collaborative approach is essential to improve the availability, quality, and affordability of vegetables in the market.Firstly, the Ministry of Agriculture should provide support and guidance to local farmers to enhance their productivity and efficiency. This could...