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
The Boko-led administration has to tread carefully

‘When you make peace withyourself, you make peace with the world’- Maha GhosanandaThis may come at a huge cost if not handled properly. What started off on Labour Day in Letlhakane this year, where Boko was in attendance when the militant lawyer-cum-trade unionist, Robert Rabasimane rebutted the President’s address in defence of the trade union has seemingly spiralled out of control. The issue is now creating a cat-and-mouse type of a...

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