Boseto Mine gets P920m olive branch

Debt riddled Discovery Metals Limited (DML) this week clinched a US$105-million (P920 million) recapitalisation deal with American firm, Montesant Partners. This is expected to boost operations at the companys flagship Boseto Mine in Maun.


The lifeline will also see the Botswana Stock Exchange (BSE) listed company reduce its net debt position by US$91 million from US$158 million to US$65 million.

Editor's Comment
BPF should get house in order

Speaker of the National Assembly, Dithapelo Keorapetse, has this week rightly washed his hands of the mess, refusing to wade into a party squabble that has no clear leadership and no single version of the truth.When a single party sends six different letters to the Speaker’s office, each claiming to be the authoritative voice, it is not just confusion, but an embarrassment.Keorapetse is correct to insist on institutional boundaries. Parliament...

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