Arabs offer to buy �disputed� Nkomati stake

Kebonang
Kebonang

The Emirates Investment House (EIH) this week extended their due diligence on BCL assets to Nkomati Mine after getting the greenlight from Russia’s Norilsk Nickel, Minister of Minerals, Energy Security and Green Technology Sadique Kebonang said yesterday.

The 50% stake in Nkomati is under a legal dispute between BCL and Norilsk Nickel, with the Russians claiming they are owed $271 million by the BCL Group since a 2014 deal for the stake was now unconditional and binding.

 BCL and government on the other hand insist the deal was not unconditional and they are not obliged to pay for the Nkomati stake.

Editor's Comment
Batswana need to do better to stop FMD

It is a clear signal that the government’s purse is empty and that our own behaviour has left veterinary officials fighting with one hand tied behind their backs. We have been here before. During COVID-19, many of us thought we knew better. We ignored simple rules, we carried on as if the danger was someone else’s problem, and the virus took lives and left our economy on its knees. We are still broke from that experience. Yet now, with FMD...

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