Contractor pulls plug on troubled African Copper
Tuesday, November 03, 2015
Mowana Mine
In a response to Mmegi Business enquiries, Diesel Power’s parent company, Buildmax, said it has enforced its contractual right to suspend contract mining services as a result of their client’s inability to meet payment obligations.
“We have suspended operations due to non-payment but we are in discussions and taking legal advice for the appropriate action to mitigate losses.
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...