Botched Russian deal forced BCL�s closure
Friday, October 14, 2016
As part of the 2014 deal, BCL entered into a binding agreement to buy the stake in Nkomati from Norilsk Nickel Africa pending regulatory approvals in South Africa. BCL Mine entered into the deal as part of its Polaris II strategy to invest into alternative sources of ore, in light of the declining grades and reserves in Selebi-Phikwe.
In August 2016, South Africa’s Department of Minerals gave its final approval and the Russians, in line with the binding agreement, moved in to collect.
The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...