Gloves off at Karowe Mine
Tuesday, December 06, 2016
Volume of ore mined has emerged as the centre of dispute between Eqstra and Lucara Diamond
Triggered by a dispute reportedly centred on differences over volumes of ore mined by the contractor, Lucara has told Eqstra that the contract will be terminated on December13, 2016. The contract was due to end in December 2020.
Following the termination, Eqstra yesterday said it will seek to recoup damages from Lucara Diamond over the premature termination of the opencast mining contract.
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...