BCL trims fat in battle to stay afloat

Speaking at a council meeting here recently, Mahupela said the company is reviewing operation of its four shafts as part of the new cost cutting strategies which include the closure of the Johannesburg office as well as Phoenix mine at Tati.

He said out of the four operationing shafts, the mine has only one shaft that is generating income. “In terms of shafts, the only shaft making money is Selebi North while other shafts are not doing well,” he said.