Due diligence ongoing at BCL

Dixon-Warren
Dixon-Warren

SELEBI-PHIKWE: The due diligence exercise is currently underway at BCL Mine as a takeover deal by prospective buyers of BCL from Dubai is nearing conclusion.

Provisional liquidator, Nigel Dixon-Warren said the exercise is expected to conclude by the end of this month. This brings hope that the takeover deal will be sealed soon and in turn revive the Mine and the local economy.

The due diligence exercise is necessary for the buyer to familiarise himself with every aspect of the Mine and that includes the state it is in as well as the costs involved.

Editor's Comment
The people have spoken

In fact, early election results in some areas across the country, speak to large voter turnout which suggests that voters crowded at polling stations to decide appropriately. The Independent Electoral Commission (IEC) revealed that 80% of the 1,037,684 people who had registered to vote turned up to exercise their right.It’s unfortunate that at the time of cobbling this editorial comment, results had just started trickling in. We recognise that...

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