BCL �fatally insolvent,� liquidator reports

Nigel Dixon-Warren
Nigel Dixon-Warren

SELEBI-PHIKWE: The provisional liquidator of BCL Ltd says the operations are “fatally insolvent”, cannot be reopened and will have to be sold separate or whole as early as July.

Nigel Dixon-Warren says when he delivers his report to the High Court on February 7, he will be recommending that BCL Ltd, which includes BCL Mine, BCL Investments and Tati Nickel, be placed under final liquidation. Final liquidation rules out a reopening of the mines by government and points to a sale of assets.

It is still possible that an investor could come on board and purchase the whole BCL group or individual assets such as Tati or the smelter.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

Have a Story? Send Us a tip
arrow up