Scharrig Bullish On Energy, Plans New Botswana Coal Mine
Monday, November 26, 2007
Part of the study would involve interrogating what the production would be used for, which could include power generation, coal-to-liquids production, or even coal exports, COO Robin Berry said in an interview after the official launch of the firm's new corporate identity. Scharrig had already been consulting with companies, including power parastatals Eskom and Nampower, he said.
Berry, who would take up the CEO's seat on December 1, said that the company had received "a lot of interest" on partnering on its Botswana coal assets from parties including Asian, European, and North American entities.
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...