Slap in the face for BCL creditors

BCL Mine will not be restarting any time soon
BCL Mine will not be restarting any time soon

SELEBI-PHIKWE: The estimated 800 creditors of BCL Mine, owed over P2 billion, are being asked to contribute towards the P1 billion needed for the mine’s rehabilitation fund.

According to the provisional liquidator, Nigel Dixon-Warren, at present, there has been very little recovered from the Mine’s debtors. This effectively means creditors will make minimal recoveries of the monies they are owed by BCL.

Local creditors left an informal meeting yesterday with long faces, after the provisional liquidator informed them that those submitting claims against the Mine would also have to contribute towards the rehabilitation fund.

Editor's Comment
Prosecutors deserve better

These legal professionals, who are entrusted with upholding the rule of law, face numerous challenges that compromise their ability to effectively carry out their duties.Elsewhere in this edition, we carry a story on the lamentations of the officers of court.The prosecutors have raised a number of concerns, calling for urgent attention from all relevant stakeholders, including the President, Minister of Justice and the Attorney General. Their...

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