Mmamabula Will Proceed On Schedule - Kinross

Speaking at a press conference here last Thursday, the President of CIC Energy, Greg Kinross, whose company are the promoters of MEP, said he is confident that they will be able to raise the required capital because the targeted sources of the finances have not been affected by the financial crisis that is forcing a host of mining and energy development projects across the globe to be either shelved or downsized.

Kinross said the huge demand for energy in the southern Africa should see mining and energy development projects getting enough support to see them through financial closure, construction and full scale operation.