BCL exceeds budget by P48 million

Wednesday, November 10, 2010

Before the year is out, BCL Mine has a budget overrun of P48 million, Mmegi has established.

Excessive spending in staff costs, vehicles and fuel drove up the massive overrun, BCL management reveals in a quarterly briefing made in Selebi-Phikwe last week.

The General Manager of the copper and nickel mine, Montwedi Mphathi, said the overspending was mainly in citizen overtime payments amounting to P14 million, citizen overheads of P12 million, vehicles and loco spares of P10 million and in fuels and lubricants of P6 million.

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