BCL liquidation bill tops P1.6bn

Wednesday, November 22, 2017

Minerals, Green Technology and Energy Security minister, Sadique Kebonang

Government has so far spent P1.2 billion towards to cover costs for liquidation of BCL Mine and plans to spend another P430 million in the next financial year, Parliament was told this week.

The P1.6 billion bill includes the cost of the ongoing care and maintenance of the mine, terminal benefits for former workers as well as the liquidator’s expenses.

Minerals, Green Technology and Energy Security minister, Sadique Kebonang said on Monday that for the period October 2016 to February 2018 government has committed P1.2 billion towards the cost of the liquidation process.

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BCL liquidation bill tops P1.6bn

Government has so far spent P1.2 billion towards to cover costs for liquidation of BCL Mine and plans to spend another P430 million in the next financial year, Parliament was told this week.