Advertisement

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.

Advertisement
Editor's Comment
Celebrate responsibly, put safety first this holiday

“Safety first is safety always”– Charles M HayesAs most people begin travelling across the country to spend the President’s Holidays with family and friends, there is every reason to embrace the joy and togetherness that this period brings.While holiday periods bring joy, they are sadly often accompanied by a rise in road accidents, violent incidents and other avoidable tragedies. Too often, families that set out to celebrate together end...

Have a Story? Send Us a tip
arrow up