Optimism surrounds TNMC potential reopening

The company, which is an ancillary of BCL Mine, ceased its operations when the mine was liquidated in 2016. BCL properties in Selebi-Phikwe were bought by PNR while TNMC operations, just outside Francistown are yet to find a suitor. However, it has since emerged that NIU Investment, an Austrian firm whose director is Cevdet Caner is interested in purchasing TNMC. Caner was in Francistown last week where he toured TNMC operations before meeting President Mokgweetsi Masisi. According to information shared by the presidency last week, Caner met with Masisi, Minerals and Energy Minister, Lefoko Moagi and other senior government officials to discuss the sale of the mine.

NIU has reportedly put forward a solid proposal to purchase TNMC. This week, Radisigo told Mmegi that news that NIU have put forward a solid proposal to purchase to TNMC excites him because should the proposed sale succeed, it would signal the end of the city’s economic woes. “Our hope is that the transaction will go through as soon as possible. We urge the government to expedite the sale process in the event that a concrete proposal to purchase the mine has been put forward by NIU. “As the council we are ready to play a facilitating role to ensure that NIU starts operations earnestly once the sale transaction has gone through,” he said.