Four suitors so far for Pula Steel

Pula Steel is attracting investor interest
Pula Steel is attracting investor interest

Auctioneers handling the sale of Pula Steel have thus far received four ‘serious’ bids from investors interested in taking over what was the country’s first and only steel plant.

Pula Steel was placed under liquidation in October 2017, owing creditors, including BCL Mine, an estimated P100 million. The plant opened in 2015 amid much excitement as the country’s first steel plant, using scrap metal to produce steel billets.

Built at a cost of P130 million, the company operated in fits and starts due to financial and technical challenges, including shortage of its raw materials.

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...

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