P1bn debt burden weighs down top Botswana nickel miner

September 6, 2016

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Botswana’s top nickel miner Bamangwato Concession Limited (BCL) is sinking with a debt burden of at least P1-billion ($100-million) amid escalating costs of deep underground mining as nickel prices remain depressed on global commodity markets. Addressing President Lieutenant-General Seretse Khama Ian Khama during a tour of the mine compound recently, mine metallurgist Enock Mukosora had said the company was struggling with subdued production, as well as reduced prices and demand for nickel in the global commodity markets.

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