Gov�t in complex BCL swap deal with EIH

Minerals, Energy Security and Green Technology minister, Sadique Kebonang told BusinessWeek Wednesday that EIH was due to complete due diligence on Nkomati on Friday (today), which will inform whether government requests for another extension of   the provisional liquidation period when the case returns to the High Court on Monday.

“Yes, we have offered BCL Mine for  $1. In return, EIH takes over all liabilities of BCL including Nkomati except for environmental and historical obligations,” he said.