MCM launches five-year strategy
Monday, October 31, 2022 | 1110 Views |
MCM strategy launch PIC: PHATSIMO KAPENG
As production ramps up, the mine also plans on increasing revenues from P1 billion in 2023 to P3 billion by 2027.
The steady increase in demand for MCM products by Asian and European markets has informed the mine's five-year strategy.
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...