Russians, Gov't still legally sparring despite pending deal

BCL and Norilsk's lawyers once again locked horns this week PIC: MORERI SEJAKGOMO
BCL and Norilsk's lawyers once again locked horns this week PIC: MORERI SEJAKGOMO

Lawyers representing the Botswana government and Russian metals giant, Norilsk Nickel, returned to the High Court this week, to continue their two-year battle over a US$271 million lawsuit. Although government has authorised a payout of P522m to settle the matter, it appears the Russians want an arbitrated solution in London. Staff Writer, MBONGENI MGUNI reports

Even as outgoing Minerals Minister, Sadique Kebonang secured last minute approval of US$45 million to offer to Norilsk Nickel as a settlement of a US$271 million lawsuit, the Russian giant was pressing ahead with one of its lawsuits in the matter.

Kebonang, having overcome parliamentary resistance, clinched approval of the offer in his final week as minister before the recent reshuffle. The total amount to be offered to the Russian metals giant is P522 million, with the other funds already sourced and allocated from the Minerals ministry itself.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

Have a Story? Send Us a tip
arrow up