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Disposal of BK11 Mine hits snag

Tshekedi Khama
Tshekedi Khama

The disposal of BK11 Mine in Orapa by Firestone Diamonds to Canadian company, Tango Mining has hit a snag after the buyer failed to pay the agreed deposit.

It emerged this week that Tango Mining Limited has told Firestone Diamonds that it was unable to pay $0.3 million (P3 million) into an escrow account as a deposit for the company’s assets.

The deposit was the fulfillment of the first part of the conditional sales agreement between the two companies announced in July.

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Editor's Comment
Celebrate responsibly, put safety first this holiday

“Safety first is safety always”– Charles M HayesAs most people begin travelling across the country to spend the President’s Holidays with family and friends, there is every reason to embrace the joy and togetherness that this period brings.While holiday periods bring joy, they are sadly often accompanied by a rise in road accidents, violent incidents and other avoidable tragedies. Too often, families that set out to celebrate together end...

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