Auctions of BCL assets cleared to begin
Friday, November 10, 2017
The resolution is seen as the final nail in the coffin for BCL Mine, which went into final liquidation earlier this year and whose billions of pula in creditor and environmental liabilities make it undesirable to investors.
The mine’s creditors, who are owed in the region of P2 billion and P2.2 billion, comprise government, banks, the Botswana Power Corporation, Water Utilities Corporation and numerous suppliers.
March 28 will go down as a day that Batswana will never forget because of the accident that occurred near Mmamatlakala in Limpopo, South Africa. The tragedy affected not only the grieving families but the nation at large. Batswana throughout the process stood behind the grieving families and the governments of Botswana and South Africa need much more than a pat on the back.Last Saturday was a day when family members said their last goodbyes to...