Takeover deal emerges for BCL

Wednesday, February 08, 2017

The Gaborone High Court yesterday granted BCL Ltd’s liquidators more time to finalise the group’s affairs, after it emerged that the first firm offer has been received for the suspended operations.

BCL Ltd wholly owns BCL Mine and BCL Investments, as well as an 85% stake in Tati Nickel Mining Company.

All operations ceased in October 2016 after government successfully applied to the High Court for provisional liquidation citing the impossible costs of continuing operations.

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