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Work begins at BCL as potential buyer carries due diligence


21st April 2021
The fate of the mothballed BCL mines will be known at the end of August as the potential buyer begins its due diligence.
On Monday, the Chief Registrar of the High Court Michael Motlhabi revealed that a memorandum of understanding with Premium Nickel Resources Corporation has been finalized, paving way for the Canadian company that has partnered with local consortia to revive the mines that were closed and placed under liquidation five years ago.
Early this year in February, the mines’ liquidator Trevor Glaum announced Premium Nickel Resources Corporation has been identified as the preferred bidder, granting the company exclusive access to the BCL and Tati mines to conduct a comprehensive due diligence exercise until August 2021. ....

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