CIC Energy vulnerable to a takeover bid

Global bankers have warned CIC Energy that it could be subject to some sort of corporate takeover by another large player in the region due to its rich Mmamabula resource.

The size of the Mmamabula resource is 2.3 billion tonnes.
CIC Energy CEO Warren Newfield admitted to Miningmx online that they feel the company is vulnerable at this point particularly with the value and progress of the project.

"There are very few projects in the world that are multi-billion tonnes in a jurisidiction like Botswana (Mmamabula) that are fully permitted and ready to go into production."

Editor's Comment
Fighting GBV is for us all

Despite legislative reforms and various initiatives aimed at curbing Gender-Based Violence (GBV), the situation remains dire. It is imperative that all stakeholders; government, civil society, communities, and individuals join forces to combat this issue and protect the rights and safety of women and girls.Recent statistics from the Botswana Police Service reveal a deeply troubling trend, with 60 rape cases recorded during the festive period....

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