Canadian firm to invest US$26m to revive BCL

Canadian firm to invest US$26m to revive BCL
Canadian firm to invest US$26m to revive BCL

Premium Nickel Resource Corporation, a Canadian minerals investor, has reportedly been appointed the preferred bidder for BCL Ltd, the copper and nickel group that closed operations in Francistown and Selebi Phikwe in October 2016.

A memo apparently written by the BCL liquidator, Trevor Glaum, to the remaining workers conducting care and maintenance activities, indicates that the Canadian firm will now conduct a comprehensive due diligence process on the BCL assets.

“This is therefore not the sale of BCL and Tati assets as yet, but a period of six months granted to Premium Nickel Resources in which to make a final decision on the economic viability of extraction and processing of the ore resources or not,” Glaum wrote on Thursday.

Editor's Comment
Implement the recommendations Mr. President

The nation is eagerly awaiting this report to have a glimpse of what the recommendations are like, possibly for further debate. Mr. President, it’s our ardent hope that true to your promises, the public will have an opportunity to peruse the report and see if it reflects their interests as the Commission went around the length and breadth of the country collecting views of the people with some choosing to write to the Commission’s...

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