Slap in the face for BCL creditors

BCL Mine will not be restarting any time soon
BCL Mine will not be restarting any time soon

SELEBI-PHIKWE: The estimated 800 creditors of BCL Mine, owed over P2 billion, are being asked to contribute towards the P1 billion needed for the mine’s rehabilitation fund.

According to the provisional liquidator, Nigel Dixon-Warren, at present, there has been very little recovered from the Mine’s debtors. This effectively means creditors will make minimal recoveries of the monies they are owed by BCL.

Local creditors left an informal meeting yesterday with long faces, after the provisional liquidator informed them that those submitting claims against the Mine would also have to contribute towards the rehabilitation fund.

Editor's Comment
Routine child vaccination imperative

The recent Vaccination Day in Motokwe, orchestrated through collaborative efforts between UNICEF, USAID, BRCS, and the Ministry of Health, underscores a commendable stride towards fortifying child health services.The painful reality as reflected by the Ministry of Health's data regarding the decline in routine immunisation coverage since the onset of the pandemic, is a cause for concern.It underscores the urgent need to address the...

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