Business Botswana on BCL

SHARE   |   Monday, 17 October 2016   |   By Dr Racious Moatshe And Lekwalo Mosienyane
Mosienyane Mosienyane

Business Botswana deeply regrets the decision to cease operations at both BCL & Tati Nickel Mines and place the said mines under provisional liquidation. We note that government in its role as a shareholder has appointed a provisional liquidator to advice on appropriate measures to be undertaken to stem the losses that have been incurred in recent times. We note that the decision to close these mines will have implications on the wider business community in both Selibe Phikwe and across Botswana. As a consequence, Business Botswana has appointed a task team to look into the BCL and Tati Nickel Mines and suggest a way forward. Business Botswana stands ready to support and cooperate with the Government, liquidator and the other interested parties in the search for a viable long term solution. We note that time is of essence and the matter is highly prioritised.

Dr Racious M. Moatshe and Mr Lekwalo Mosienyane; Business Botswana CEO and President respectively