Sunday, February 5, 2023

BCL collapse linked to corruption – Keorapetse

Selebi-Phikwe West legislator, Dithapelo Keorapetse has alleged that the collapse of copper mining company BCL is due to maladministration and poor corporate governance.

Commenting on reports that the company has been placed under provisional liquidation, Keorapetse said the government has left BCL management to do as it pleases including daylight stealing and mismanagement.

“I’ve noted the provisional liquidation of BCL with anguish and sorrow. Given the lackadaisical attitude of the government towards BCL over the years, this has been long coming. The story of BCL and Phikwe is classical case of neglect and unfulfilled or empty promises,” he said.

According to Keorapetse the BCL management aided by the government has sold Batswana a dummy in the form of Polaris II strategy. BCL’s Polaris II was envisaged as a diversification strategy aimed at extending the mine’s life-span and propel it to profitability. The strategy saw the mine buying Pula Steel and Nkomati mine.

“Nkomati deal which was part of Polaris II was sold to us as the future of BCL but instead it dug its grave and someone must account for that fraud. In Minister Kitso Mokaila’s words, Nkomati is the last straw that broke the camel’s back or words to that effect,” he said.  

He said the BCL management and the executive have kept details of the crisis a secret from MPs, especially himself. 

“The government posits that workers will be paid for 12-18 months and that’s a lie, that’s a false promise they know they can’t fulfil. Batswana need to be told that BCL has collapsed because of bad management and that Phikwe may become a ghost town because of failure to diversify its economy,” he said. 

Keorapetse noted that sometimes government chose to lie about many things, eg refusing to acknowledge that the “Smelter Plant refurbishment is another Morupule B.”

He accused the government of “never being honest about many things and I’m not surprised about how I’ve been engaged over the past years as area MP. I am still getting advice on what BCL liquidation really means for the workers and will release a statement.”

“What I can say is that no matter what happens the government has a duty to protect thousands of jobs at BCL and many other people who depend on the mine for their livelihoods. The legitimacy of any government rests on its ability to cater for its people and protect them against poverty and unemployment,” he said.

Keorapetse further noted that the lack of vision for the town in terms of diversification away from mining has finally caught up with the government and innocent people are made to suffer.

“Jobs must be protected at BCL and if need be the people should be given what is due to them in terms of gratuities, pensions and other benefits plus compensations and the government must foot the bill,” said Keorapetse.

He further added that government shouldn’t be euphemistic about the crisis. “It must face the truth in the eye. The management of BCL cannot be left untouched and to walk Scott free, they must be held accountable.”


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