Ex-BCL bosses dodge creditors, risk jail

The former directors are already the subject of a suit by Russian giant Norilsk Nickel which is pursuing a US$270 million claim against BCL Mine. A report by BCL liquidator, Nigel Dixon-Warren recently slammed the former board for “poor governance over strategic direction and executive management,” while describing management as “weak, incompetent, inexperienced and unable to adapt”. 

Last night, dozens of BCL Mine creditors, who are collectively owed between P2 and P2.2 billion, held their first official meeting since the Mine’s collapse and demanded to know why ex-directors had skipped the meeting.