Mmamabula may start smaller-CIC
Wednesday, June 25, 2008

The company was unable to reach an agreement with the preferred engineering, procurement and construction (EPC) contractor before a deadline for securing manufacturing slots for big long-lead-time equipment passed last week, and is now looking at "alternative configurations", which will probably mean building a smaller plant to begin with, and then adding more capacity at a later stage.
Shares in the company plunged when they resumed trading on Monday, after having been halted pending news on Friday. CIC Energy was down 44,64percent, at C$5,73 a share by 16:10 in Toronto.
We duly congratulate them to have ousted the long ruling Botswana Democratic Party (BDP) from power. Prior to taking power from the BDP, the coalition had made several election promises that are credited for influencing change and swaying the people to vote in its favour.The party had made an undertaking, which its leader and President Duma Boko consistently bellowed in his campaign trail. These undertakings were promises that Batswana would be...