BCL is a mining and smelting company. The Company began its operations in August 1956 with a meeting arranged by John Buchunan, Chairman of Minerals Separation Limited between Tshekedi Khama, Regent of the Bangwato Tribe in the Bechuanaland Protectorate and Sir Ronald Prain, Chairman of Roan Selection Trust(RST).
An agreement between the parties signed on the 2nd June 1959 and subsequently ratified by the British House of Lords formalised the mining operations.
This agreement with RST Exploration Limited, a subsidiary of Roan Selection Trust formed Bamangwato Concessions Limited to operate the Mining of Copper and Nickel discovered in the Selebi Area in 1963.
In pursuit of its forward looking Corporate Strategy, BCL has undertaken a number of initiatives such as cleaning its Balance Sheet to ensure that the company is not only debt free but is positioned to derive the shareholder value.
Government of the Republic of Botswana is now a 100% shareholder of BCL Limited after successfully negotiating with then co-shareholders; the Russian based Norilsk Nickel International, to relinquish its 6% shareholding in BCL by mutual consent. The move is deemed a necessary step to give government effective control of the company particularly in view of its drive to diversify the local economy of the Selebi Phikwe region.whose main shareholders are the Botswana Government owning 94% and 6% for Norilsk Nickel
BCL is the largest employer in Botswana based in one town. The entire workforce is around 4200. The company has sound people management practices and provides other amenities to its employees such as accommodation, recreational facilities and opportunities for self development in individual careers.Read more...