What does BCL mine stand for?
What does BCL mine stand for?
BCL Limited, originally founded as Bamangwato Concessions Limited, was a mining company in Selebi-Phikwe in Botswana. It was formed in 1956 to mine copper.
Why did BCL mine close?
Faced with the dwindling commodity prices, and rising operating costs, the government overnight abruptly closed the BCL Group, made of BCL limited and Tati Nickel Mining Company, in a provisional liquidation by order of the High Court of Botswana on 9 October 2016.
When did BCL mine close?
BCL was placed in final liquidation on 15 June 2017 while Tati and BCLI remain in provisional liquidation.
Why did the Botswana government close the BCL mine?
Faced with dwindling commodity prices and rising operating costs, the cash-strapped Botswana government made an abrupt decision to close BCL Group, comprising BCL limited and Tati Nickel Mining Company, in a provisional liquidation by order of the High Court of Botswana on 9 October 2016.
Who are the new owners of BCL mines?
The defunct BCL mines could have new owners four months from now. This would bring to an end 4 years of high drama that saw the mines closed overnight and subsequently placed on liquidation.
Where are the Tati and Bcl nickel mines located?
Both mines are currently under care and maintenance. BCL, located in the mining town of Selebi-Pikwe, comprises four underground shafts, a concentrator and a flash furnace smelter whilst Tati, located near Francistown comprises two mining operations (underground and open pit) and a concentrator.
When did BCL and Tati go into liquidation?
The remainder of the shares in Tati are owned by the Government of Botswana. BCL, BCLI and Tati were placed in provisional liquidation by order of the High Court of Botswana on 9 October 2016. BCL was placed in final liquidation on 15 June 2017 while Tati and BCLI remain in provisional liquidation.