BCL in bailout negotiations with external suitors

BCL miners
BCL miners

SELEBI-PHIKWE: The Managing Director of BCL Mine, Dan Mahupela said that government has mandated them to seek funding from external resources.

Speaking during a presentation by BCL Mine at the council session on Wednesday, Mahupela said that the mine, currently facing cashflow problems, has been advised by the shareholder to seek funding in order to keep it sustainable.

He said that the mine is in negotiations with five possible sponsors in Hong Kong, Dubai, New York, Johannesburg and Gaborone.

Editor's Comment
Happy Independence Day!

Independence Day holds immense significance for Batswana as a whole. It offers a moment for reflection and celebration of the country's achievements, while also prompting introspection.We must honestly assess whether the number of years of independence aligns with the progress we have made. While there is certainly much to celebrate, there are also pressing issues that require the attention of relevant stakeholders. Many Batswana are facing...

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