Financial doldrums deja vu at Boseto Mine

Wednesday, May 14, 2014

Boseto Mine laid off 85 workers at the height of a financial crisis early this year.

For the second time in a year, a financial bid to recapitalise Discovery Metals has collapsed dealing a hard blow to plans of turning around the debt-ridden mining operation.

American investors, Montsant Partners last month announced their intention to rescue the troubled mining company, the promoters of Boseto Mine near Maun, with a $105 million(P920 million) war chest subject to fulfillment of certain conditions and due diligence.

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Financial doldrums deja vu at Boseto Mine

For the second time in a year, a financial bid to recapitalise Discovery Metals has collapsed dealing a hard blow to plans of turning around the debt-ridden mining operation.

Stanbic pretax profits up 11%

The audacity to be a unicorn

Faulty gadgets top complaints to BOCRA

Civil Society fights 'flawed' constitutional amendment

Civil Society calls for Constitution review governing Act

IEC rejects 2,513 registrations

Motshegwa prevails against detractors

Serowe woman ingests acid, attempts suicide

Inspect the voters' roll!