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
Botswana must not be a flag of convenience for rogues

‘A man’s country is not a certain area of land, of mountains, rivers, and woods, but it is a principle and patriotism is loyalty to that principle’.- George William CurtisAccording to the report carried in this publication, the fraudsters operating the so-called “dark fleet” have selected Botswana’s flag as their cover of choice. This is a direct assault on our country’s most valuable asset, the good name.For decades, Botswana has...

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