Mmegi

Austrian investor plans P2.8bn to resurrect Tati

Friday, May 02, 2025 | 1760 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

Higher and higher: The cost of living remains at elevated levels due to the broader economic contraction PIC MORERI SEJAKGOMO

Food inflation slows but...

Mbongeni Mguni | 18 h ago

Former UB lecturer has a case to answer

Larona Makhaiza | 18 h ago

No BR procurement involving Project Office at OP

Goitsemodimo Kaelo | 1d ago

Gov't suppliers owed P3.6bn

Mpho Mokwape | 1d ago

Mabeo goes after ‘cyberbully’

Innocent Selatlhwa | 1d ago

Nephew arrested for allegedly killing Aunt in Tobane

Pini Bothoko | 1d ago

Pension funds back economic shift

Kabelo Boranabi | 1d ago

Choppies warns of profit dip as consumer spending drops

Lewanika Timothy | 1d ago

Use social media to build, not destro

It is a warning flare to every Motswana who logs onto social media. As a country, we have reached a point where the line between robust debate and outright destruction has become dangerously blurred. At face value, Mabeo’s response, which seeks an apology and threat of a defamation suit, might seem severe to some. But we cannot ignore the context. The comment in question did not offer a policy critique or question a political decision.It...

The Monitor Editor | 24 March 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.

Explore

More