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Newspaper Article
Acid mine costs more than double
2012
Overview
\"Preliminary findings guided by due diligence estimated the capital cost for the short-term solution in all three [catchment] basins - Northern, Eastern, Central and Western - at R924m as at July 2011. Subsequent to the evaluation of bids and a comprehensive costing exercise, the actual cost was |determined at R2.2bn as at July 2012,\" the minister's reply reads. [Gareth Morgan] told The Mercury yesterday that, while he understood the \"very difficult challenge\" acid mine drainage posed for the minister and her department, the dramatic escalation in costs left him with the \"uneasy feeling\" that the initial due diligence \"was not properly done\".
Publisher
Independent Online (South Africa)
Subject
