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MCM launches five-year strategy

MCM strategy launch PIC: PHATSIMO KAPENG
MCM strategy launch PIC: PHATSIMO KAPENG

Morupule Coal Mine (MCM) has launched the MCM corporate strategy of 2022-2027 dubbed 1-3-27, a move aimed at ramping up the mine’s production to 7.6 million tonnes of coal per annum.

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.

Editor's Comment
Micro-procurement maze demands urgent reform

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...

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