Botswana proposes debt for equity deal for troubled BCL Mine

Botswana's government has offered its State-owned BCL Mine to the Emirates Investment House (EIH) for a token price of $1 in a deal that will result in the Emirati firm taking over the mine's debts, minerals minister Sadique Kebonang said. Since being placed under provisional liquidation in October for an initial period of four months, the High Court has granted two extensions to BCL as the government negotiated with potential buyers.