Liquidator speaks on BCL Group assets

Friday, February 24, 2017

SELEBI-PHIKWE: Government is expected to submit a claim as one of the creditors against BCL Mine to recover monies used to pay back a Barclays Bank loan, provisional liquidator Nijel Dixon-Warren said recently.

Government, which is a shareholder, would also lay claim to the money that was used to pay former employees terminal benefits as well as royalties, once the liquidation process is finalised.

The provisional liquidator administered the payment of terminal benefits on behalf of government and the debt now sits with government.

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