Bright Simons writes: All the Filla in the Ibrahim Mahama/E&P - Gold Fields Saga
Bright Simons writes about the Damang mine controversy after his appearance on Newsfile today. He addresses misconceptions about Engineers & Planners (E&P) and Gold Fields.
E&P was a mining services contractor for Gold Fields at Damang, handling primarily the blast, load, and haul segment, which accounted for 39% of total spending in 2021. E&P was not responsible for critical activities like mine planning and scheduling, or grade reconciliation. The most favourable estimate of the proportion of work done by E&P is 30% to 35%, but a more reasonable estimate would be 25%. Gold Fields' data shows that the ore at Damang contains pyrrhotite and preg-robbing carbonaceous matter. Gold Fields' power contract with Genser Energy is referenced as $0.14 per kilowatt-hour in the Damang Technical Report Summary.
Quick Summary
Bright Simons addresses misconceptions surrounding the Ibrahim Mahama/E&P - Gold Fields saga, particularly regarding the Damang mine controversy. He argues that E&P winning any tender for Damang isn't as straightforward as some suggest - hinting at the complexities involved.
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