BCL liquidation poser for Botswana diamond exploration JV
Tuesday, June 27, 2017
The Maibwe JV consists of a block of ten licences, which are located in the Central Kalahari region of the country. The JV partners include Botswana government-owned nickel and copper producer BCL (51% ownership stake), local Botswana group Future Minerals (20% ownership stake) and private South African venture Siseko (29% ownership stake), in which BOD has a 51% ownership stake.
Therefore, BOD has a net 15% interest carry through its exploration work in the project. Four kimberlites containing diamonds were discovered in 2015 by BCL, which is the majority shareholder and operator. However, BCL is currently in provisional liquidation.
The Ministry of Agriculture, local producers, retailers, and industry associations must work together to overcome the obstacles hindering vegetable production and distribution.This collaborative approach is essential to improve the availability, quality, and affordability of vegetables in the market.Firstly, the Ministry of Agriculture should provide support and guidance to local farmers to enhance their productivity and efficiency. This could...