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
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‘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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