The liquidator has made it clear that the three companies were “fatally insolvent” and will recommend final liquidation. Some of the lies told were that the mine is deep and therefore dangerous and expensive to mine and that the resources were depleted.
We all know that the deepest shaft is 1540 meter level as opposed to over 3000 plus meter lever of other mines elsewhere and that the resource statement contradicts reports that the ore is depleted. Batswana and Phikwe residents were told that Norilsk is owed over P3 billion, however, this is disputed by the same government that the company is not a creditor and has no right to enforce. It was said that the government has been pumping in money into the mine for 37 years; something which facts from BCL documents show is not true. The government refuses to talk about the $4 per Pound Recovery Plan for BCL prior to liquidation. Further and very profound, there is refusal to talk about BCL exploration projects; the company had discovered diamonds through its exploration ventures and there is secrecy and conspiracies about the future of these resources. There are reports that some people want to steal these diamonds.
