UAE investors� BCL rescue is welcome news for Norilsk

Norilsk Nickel, whose largest shareholder is Vladimir Potanin (30.4%), acquired the share in 2007 after buying LionOre Mining International Limited.

After deciding in 2014 to sell non-core and international assets, the Russian company agreed to sell Nkomati to BCL - the Botswana state-owned mining company that last year went into liquidation. The conduct of the Botswana government and subsequently the liquidator Warren-Dixon of KPMG has left a bitter taste in the mouth for Norilsk. Now the best chance of Norilsk receiving its funds appears to rest with an Arab investment company.