Boseto Mine gets P920m olive branch

Wednesday, April 02, 2014

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.

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Boseto Mine gets P920m olive branch

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.