LionOre suitor forecasts nickel supply deficit
Tuesday, May 08, 2007
"In the circumstances when a number of sizable projects in the industry are delayed, we do not see enough supply to cover the expected demand," he said in an e-mail interview.
On May 3, Norilsk announced a takeover bid for Canada's LionOre Mining, which comfortably topped a prior bid by diversified mining giant Xstrata.
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...