New company invests $15m in coal mining
Tuesday, February 12, 2008
Asenjo is a joint venture between Sentula Mining, Jonah Capital and Aquila Resources.
Sentula is a South African mining services company listed on the JSE while Aquila is an Australian resource company.
The company says the estimated coal resource at its Western Mmamabula, Lechana, Tshimoyapula and Dukwe projects is 6.7 billion tons.
Particular trepidations lie with the seemingly embedded nature of embellishing tender sums, in most cases without the barest minimum of authority. The worrying thing is that the inflated amounts run into millions of pula across the government ministries and departments. The Auditor General’s report of March ending 2022, which we cover extensively in this edition, paints a gloomy picture on management of the government coffers. It depicts the...