Mmegi

Minergy sees light after doldrums

Out of the woods: Minergy executives hope Masama will come good this year PIC: PHATSIMO KAPENG
Out of the woods: Minergy executives hope Masama will come good this year PIC: PHATSIMO KAPENG

Minergy Ltd has resumed production at the troubled Masama Coal Mine in Medie and anticipates reaching full-scale output and sales by the end of June this year, BusinessWeek has learnt.

Masama’s new mining contractor, Meropa Resources, a wholly citizen-owned mining contractor, is currently mobilising while mining operations restarted in February this year.

Minergy’s operations were temporarily stopped last March after a dispute with the previous mining contractor, Jarcon Opencast Mining, over payable arrears.


Editor's Comment
Consult, get buy-ins first for 6 to 6 policy, Hon Minister

While the minister is of the view that the proposal would have significant positive economic impact, the entertainment industry players believe otherwise. The issue has over the weeks become a hot potato. But what is of essence right now is that the country needs liberal ideas to move in the right direction While opening up the economy may sound quite interesting to the ear, rolling out extended trading hours through pilot programmes without...

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