Tati Nickel fights to extend lifespan
Friday, March 12, 2010
Tati operates Phoenix and Selkirk mines which were established about 25 years ago, while Russian base metals giant Norilsk Nickel owns 85 percent of Tati and directs management strategy at the Francistown-based company.
The Botswana government holds a 15-percent stake in the company.This week, it emerged that with about five years of reserves remaining to keep TNMC viable, the Russian giant has decided to focus on exploration of new ground around the existing mines. Outside its Russian and European properties, Tati is Norilsk's most profitable business, pumping out 19 600 metric tonnes of nickel last year.
The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...