BK11 mine disposal nears completion
Thursday, October 29, 2015
Firestone's BK11
In 2014, Firestone commenced a disposal process for all its assets in Botswana including the BK11 mine for a total cash consideration of $8 million (P83.9 million).
Early this month, Tango formally requested an extension of time regarding the second tranche of the deposit that was payable in September of $0.3 million (P3.1 million).
That rare sight deserves heartfelt praise, not only for President Duma Boko and his administration, but also for the Botswana Democratic Party (BDP), the Umbrella for Democratic Change (UDC), the Mogae family, and the entire country.President Boko’s decision to grant a full state funeral to a man who belonged to a rival party was a mark of true statesmanship. He recognised that national leadership carries a weight that belongs to the whole...