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

Winners: Sourayya Osman and Kelebogile Monnayoo

Stage set for First Capital Bank Padel finale

Calistus Kolantsho | 59 m ago

Zambia’s polls marred by delays

Tsaone Basimanebotlhe | 4 h ago

Hichilema, Mundubile lead crowded race

Tsaone Basimanebotlhe | 4 h ago

Katuta: Playing in a crowded male-dominated field

Tsaone Basimanebotlhe | 4 h ago

‘Zero medals at Commonwealth Games not a surprise’

Calistus Kolantsho | 4 h ago

Red Roses, rivals turn up the heat

Kabelo Boranabi | 4 h ago

Block champions set for national showdown

Kabelo Boranabi | 4 h ago

Showa survives as BFL backs board rotation

Kabelo Boranabi | 4 h ago

Violence doesn't solve anything!

Our weekly edition carries painful articles of people being murdered. Whilst some are classified as Gender Based Violence (GBV), there are still a large percentage of murder cases, which often happen at drinking spots, after people are heavily intoxicated. We have in the past carried articles where an individual was murdered because they refused to give someone a cigarette, and sadly this is where we are at now!In this very edition, there is an...

The Monitor Editor | 11 August 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

Stage set for First Capital Bank Padel finale

Zambia’s polls marred by delays

Hichilema, Mundubile lead crowded race

Katuta: Playing in a crowded male-dominated field

‘Zero medals at Commonwealth Games not a surprise’

Red Roses, rivals turn up the heat

Block champions set for national showdown

Showa survives as BFL backs board rotation

Violence doesn't solve anything!