Local collieries hit 'rich seam' in SA
Friday, September 27, 2019
Masama Mine is ramping up to 100,000 tonnes per month
Minergy’s Masama Mine, which went commercial in September, this week put the final touches on a P240 million, three-year deal with an SA producer for the supply of about a third of its 70,000 tonne per month production.
Minergy expects to pump up to 1.2 million tonnes per annum (mtpa) into South Africa from next year when it ramps up its production to 100,000 tonnes. Morupule Coal Mine (MCM), meanwhile, expects to be sending through one million tonnes per annum to SA from March 2021 when it completes the ongoing expansion of its mine near Palapye.
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...