BCLTati Nickel mines in debt
14 Jun 2018
BCL and Tati Nickel mines were in debt hence they were placed in provisional liquidation, says Minister of Mineral Resources, Green Technology and Energy Security, Mr Eric Molale. He also said there was no short to medium-term revenue expected out of the BCL Group. “The mines by themselves could not even retain revenue to pay their own debts, and at peak consumption, both BCL and Tati Nickel mines consumed 73 megawatts as they were under care and maintenance,” he said. Gabane/Mmankgodi Member of Parliament, Major General Pius Mokgware had asked the minister to update Parliament as to how the closure of BCL and Tati Nickel mines had affected both revenue and electricity consumption.ENDS
Source : BOPA
Author : BOPA
Location : GABORONE
Event : parliament
Date : 14 Jun 2018
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