Austrian investor plans P2.8bn to resurrect Tati

Friday, May 02, 2025 | 1770 Views |

Rising from ashes: Tati Nickel’s Phoenix is set to
resurrect after closing down in 2003 PIC: MORERI SEJAKGOMO

European investment group, NIU Invest, led by Austrian mogul, Cevdet Caner, says it will invest $200 million (P2.8bn) over a 10-year period to bring Phoenix Mine back to profitable operations, creating more than 3,000 direct and indirect jobs.

NIU snapped up Phoenix last year for $15 million (P205 million), after an extended period of the liquidators and government looking for takeover partners for the operation. Phoenix’s sister operation, Selkirk, was purchased by Premium Nickel Resources Limited for P67 million two years ago.

Phoenix was put on care and maintenance in 2003, whilst Tati Nickel — which owned and operated the two mines — has been in liquidated since 2016.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

ECONOMY

Selefu

joey kambai | 8 h ago

World Athletics Championships coming to Africa

Calistus Kolantsho | 11 h ago

Man fatally burns in Selebi-Phikwe house fire

Pini Bothoko | 12 h ago

Man carrying baby dies whilst crossing Taung road

Pini Bothoko | 12 h ago

Young girl perishes in Ledumadumane collision

Pini Bothoko | 12 h ago

Driver dies in Gabane head-on collision

Pini Bothoko | 12 h ago

Young woman dies in Metsimotlhabe crash

Pini Bothoko | 12 h ago

Castle Lite, Let's Pacers team up to unlock Botswana

staff writer | 13 h ago

The Boko-led administration has to tread carefully

‘When you make peace withyourself, you make peace with the world’- Maha GhosanandaThis may come at a huge cost if not handled properly. What started off on Labour Day in Letlhakane this year, where Boko was in attendance when the militant lawyer-cum-trade unionist, Robert Rabasimane rebutted the President’s address in defence of the trade union has seemingly spiralled out of control. The issue is now creating a cat-and-mouse type of a...

Mmegi Editor | 11 September 2026

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Austrian investor plans P2.8bn to resurrect Tati

European investment group, NIU Invest, led by Austrian mogul, Cevdet Caner, says it will invest $200 million (P2.8bn) over a 10-year period to bring Phoenix Mine back to profitable operations, creating more than 3,000 direct and indirect jobs.

Explore

More

Selefu

World Athletics Championships coming to Africa

Man fatally burns in Selebi-Phikwe house fire

Man carrying baby dies whilst crossing Taung road

Young girl perishes in Ledumadumane collision

Driver dies in Gabane head-on collision

Young woman dies in Metsimotlhabe crash

Castle Lite, Let's Pacers team up to unlock Botswana

The Boko-led administration has to tread carefully