Chamber of Mines against piecemeal sale of BCL

Thursday, January 26, 2017

FRANCISTOWN: Botswana Chamber of Mines (BCM) has recommended that assets under the BCL Mine group should not be sold piecemeal. The liquidator of the group, Nigel Dixon-Warren recently indicated that BCL would be put under final liquidation as it has been deemed ‘fatally’ insolvent.

The BCL Mine Group owns Tati Nickel Mining Company (TNMC) in Francistown, BCL mine in Selebi-Phikwe and BCL Investments, which was to acquire a 50% stake in South Africa’s Nkomati Mine.

When addressing journalists last week, Dixon-Warren said BCL assets could be sold as piecemeal or as a whole as early as July.

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