Boseto Mine gets P920m olive branch

Morulane
Morulane

Debt riddled Discovery Metals Limited (DML) this week clinched a US$105-million (P920 million) recapitalisation deal with American firm, Montesant Partners. This is expected to boost operations at the company’s flagship Boseto Mine in Maun.


The lifeline will also see the Botswana Stock Exchange (BSE) listed company reduce its net debt position by US$91 million from US$158 million to US$65 million.

Editor's Comment
Has life become worthless?

As many wondered what wrong the young boy could have done to end up killed, it emerged that his own cousin was a suspect in the murder after he claimed P50,000 from Botswana Life. Thato Tsametse, who was last week sentenced to death for the murder of his cousin, had reportedly taken out two Mmoloki Funeral Covers valued at P25,000 each.Over the years, the media has been covering the murder case, and some revelation has come up that certain...

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