CIC Energy vulnerable to a takeover bid
Thursday, June 26, 2008
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."
The sight of submerged yards and closed roads is an inconvenience and a clear sign that the capital’s water passages pose a problem to residents. With more rain forecast, this is not a time for panic, as Gaborone City Council (GCC) Mayor Oarabile Motlaleng rightly urges, but it is most certainly a time for urgent, collective action.His appeal for calm must be matched by a firm commitment from both the GCC authorities and every single resident....