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.
Figures released by the country’s electoral management body have shown that a total of 1, 037, 684 people have registered to vote.However, eligible voters could be discouraged by events leading to the voting day like poor execution of advance voting amid talks that the elections could be unfair.There have also been threats by certain opposition politicians that shall the elections not be free and fair, they will halt them.Despite these...