BK11 mine disposal nears completion
Thursday, October 29, 2015
In 2014, Firestone commenced a disposal process for all its assets in Botswana including the BK11 mine for a total cash consideration of $8 million (P83.9 million).
Early this month, Tango formally requested an extension of time regarding the second tranche of the deposit that was payable in September of $0.3 million (P3.1 million).
While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...