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
Batswana need to do better to stop FMD

It is a clear signal that the government’s purse is empty and that our own behaviour has left veterinary officials fighting with one hand tied behind their backs. We have been here before. During COVID-19, many of us thought we knew better. We ignored simple rules, we carried on as if the danger was someone else’s problem, and the virus took lives and left our economy on its knees. We are still broke from that experience. Yet now, with FMD...

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