Boseto Mine bid reaches competition watchdog
Wednesday, June 03, 2015
In a statement, the CA said it has received a merger notification for the proposed acquisition and was thus inviting stakeholders’ submission on the bid.
Australian mining company, Discovery Metals is the owner of the Boseto Mine.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...