Kebonang clears the mist over BCL liquidation

“I was appointed minister of minerals in October 2016. The announcement was however made at the end of September 2016.  My first Cabinet meeting was on the very day I reported to work.

“On the agenda was the way forward for BCL Mine. BCL management had come with a request of P1 billion bail-out for the insolvent mine having previously been given the same amount by Barclays Bank with government standing as surety for the loan,” Kebonang explained.