The dearth of BCL smelter�s business case

The lure of BCL smelter looks to be increasingly fading
The lure of BCL smelter looks to be increasingly fading

The provisional liquidator of BCL Mine has taken a risk and switched off the prized smelter, a decision analysts say will cause damage to the plant and significantly knock down its intrinsic value to any interested buyer.

Former BCL employee, Norman Kelaotswe says for it to maintain its value, the smelter is supposed to be kept running at all times at a holding temperature, and failure to do so would require about a P1-billion in refurbishments costs. 

“Restarting after a prolonged shutdown could result in lots of damage to the plant, which any investor will not be able to recoup,” said Kelaotswe who is also the Vice President of the Botswana Mine Workers Union.

Editor's Comment
Gov't must guard against cadre deployment

As the Botswana National Front (BNF) discusses a policy to place suitably qualified members in strategic positions, the guiding consideration should remain whether an individual is the best person to serve the country. There is nothing wrong with qualified party members applying for public positions. Political affiliation should neither disqualify a capable candidate nor give them an advantage over others. Every Motswana deserves a fair...

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