BK11 mine disposal nears completion

Firestone's BK11
Firestone's BK11

Mining and exploration company, Firestone Diamonds says it anticipates finalising the disposal of BK11 Mine in Orapa to Canadian company, Tango Mining in early 2016.

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).

Editor's Comment
BPF should get house in order

Speaker of the National Assembly, Dithapelo Keorapetse, has this week rightly washed his hands of the mess, refusing to wade into a party squabble that has no clear leadership and no single version of the truth.When a single party sends six different letters to the Speaker’s office, each claiming to be the authoritative voice, it is not just confusion, but an embarrassment.Keorapetse is correct to insist on institutional boundaries. Parliament...

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