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.

Editor's Comment
Botswana must not be a flag of convenience for rogues

‘A man’s country is not a certain area of land, of mountains, rivers, and woods, but it is a principle and patriotism is loyalty to that principle’.- George William CurtisAccording to the report carried in this publication, the fraudsters operating the so-called “dark fleet” have selected Botswana’s flag as their cover of choice. This is a direct assault on our country’s most valuable asset, the good name.For decades, Botswana has...

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