Financial doldrums deja vu at Boseto Mine

Wednesday, May 14, 2014

Boseto Mine laid off 85 workers at the height of a financial crisis early this year.

For the second time in a year, a financial bid to recapitalise Discovery Metals has collapsed dealing a hard blow to plans of turning around the debt-ridden mining operation.

American investors, Montsant Partners last month announced their intention to rescue the troubled mining company, the promoters of Boseto Mine near Maun, with a $105 million(P920 million) war chest subject to fulfillment of certain conditions and due diligence.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

Off to The Bahamas: The relay team at the Sir Seretse Khama Airport on Sunday PIC: BAA FACEBOOK

Relay team hunts elusive gold

Calistus Kolantsho | 1d ago

Nico launch late Houdini act

Mqondisi Dube | 1d ago

GU face Galaxy hurdle in title defence

Boitumelo Khutsafalo | 1d ago

Tables turn on disciplined forces

Mqondisi Dube | 1d ago

Softball constitution under scrutiny

Calistus Kolantsho | 1d ago

Bodybuilders ready to flex muscles

Mqondisi Dube | 19 h ago

UB Rhinos on the charge

Calistus Kolantsho | 1d ago

Ditlhokwe returns after long term injury

Larona Makhaiza | 1d ago

Stakeholders must step up veggie supply

The Ministry of Agriculture, local producers, retailers, and industry associations must work together to overcome the obstacles hindering vegetable production and distribution.This collaborative approach is essential to improve the availability, quality, and affordability of vegetables in the market.Firstly, the Ministry of Agriculture should provide support and guidance to local farmers to enhance their productivity and efficiency. This could...

The Monitor Editor | 29 April 2024

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More

Financial doldrums deja vu at Boseto Mine

For the second time in a year, a financial bid to recapitalise Discovery Metals has collapsed dealing a hard blow to plans of turning around the debt-ridden mining operation.

Relay team hunts elusive gold

Nico launch late Houdini act

GU face Galaxy hurdle in title defence

Tables turn on disciplined forces

Softball constitution under scrutiny

Bodybuilders ready to flex muscles

UB Rhinos on the charge

Ditlhokwe returns after long term injury

Stakeholders must step up veggie supply