The cash-strapped Botswana nickel producer Bamangwato Concession Limited (BCL) has announced plans to retrench thousands of workers and dispose of non-core assets, including a private jet, in order to survive a crippling internal liquidity crunch that has been aggravated by the slump in the demand and price of nickel on the global commodity market. In an interview published by local daily newspaper Mmegi on March 22, BCL spokesperson James Molosankwe said the company was reorganising its main strategic businesses to survive the cash crunch and regain viability.
