Mphathi’s PNRB, BCL Liquidator sign MoU

• Work to take over BCL Mine to begin in earnest

Mphathi’s PNRB, BCL Liquidator sign MoU
(Pic: MONIRUL BHUIYAN/PRESS PHOTO)

The preferred bidder for BCL Mine, Premium Nickel Resources Botswana (PNRB), and its parent company, Premium Nickel Resources Corporation, have signed a Memorandum of Understanding with the Liquidator of the  BCL, Trevor Glaumn.

The MOU awards Premium Nickel Resources Botswana exclusivity to buy assets of the former BCL.

According to a press statement  issued by the CEO of PNRB Montwedi Mphathi,  the MoU governs  the exclusivity  period needed to complete the definitive  and asset purchases agreement on the Botswana nickel copperbelt assets which  were once operated by the now defunct BCL limited.

“This is an encouraging milestone for the company and for Botswana,” the statement said. “Our ambition is to redevelop the former BCL assets as a modern , environmentally-sensitive, efficient long-term Ni-Cu-Co water producer where sustainability and people are at the forefront of the decisions we make.”

The PNRB has been styled  “Tsholofelo.”  Mphathi’s statement added that their success with this project will be measured  by their ability to create real wealth, skills and support  for continued  transition of the local  economy to a  long-term sustainable base.

With the MOU in place, PNRB expects to complete  the definitive agreements and conduct further investigative work on site to further understand the  potential of the assets which once belonged to BCL.

During this period an environmental impact assessment will be carried out. In addition, a review of the mine’s closure and rehabilitation plans and an onsite inspection  of the mining infrastructure and equipment  which has  been under care and maintenance since 2016 will be undertaken.

Mphathi’s statement said PNRB and its parent company will continue to monitor global developments pertaining to COVID-19. The team to carry out the onsite intelligence surveillance has developed the necessary protocols relating to travel, living and working so as to move forward with the onsite gathering exercises.

The nickel mining giant BCL, which operated in Selebi-Phikwe and Francistown, was shut down in 2016, leaving over 5 000 workers jobless overnight. Since its closure, the economies two cities have grappled to diversify.