State minerals company takes off

MDCB board member, Mmetla Masire told the media last week that the new CEO, Paul Smith, started work in February and his immediate task was to work hand in glove with BCL management to oversee a process of streamlining the mine’s operations. Masire said MDCB came into being in August last year to help government manage all its assets in the mines such as those in Debswana, BCL and others.

“What has been happening is that the sourcing of the CEO took place in February and his first task is to continue the asset transfer, which we had already started,” he said. “We have engaged consultants to see how best to deliver the shares because there are cost implications. The first asset is Morupule Coal Mine and BCL. At BCL, his task is also to optimise operations.”