Rival bid for BCL against EIH

Friday, May 19, 2017

A second bidder for BCL Group’s assets has emerged to rival an impending proposal from the Emirates Investment House (EIH).

Provisional liquidator, Nigel Dixon-Warren told Mmegi BusinessWeek on Wednesday that he has received a high level offer from a company within the SADC region, which is interested in primarily buying Tati Mine at this stage and possibly BCL when the final liquidation takes place.

The bid comes as EIH is reported to be preparing an offer for the BCL Group, which includes BCL Mine, Tati Mine and the Nkomati Mine’s stake.

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