Production tumbles at Boseto Mine
Thursday, January 22, 2015
Bosetu mine
A quarterly review note from the company says mining costs per tonne grew 18.3 percent in the period.
“Productivity was impacted by delays and costs associated with a fire that occurred on waste excavator as well as unscheduled repairs to other digging units. We produced only 5,569 tonnes of copper in concentrate while contained silver also recorded a 26 percent decrease,” reads the statement.
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...