Austrian investor plans P2.8bn to resurrect Tati

Friday, May 02, 2025 | 1780 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

State wants protection for magistrate’s victims

Larona Makhaiza | 17 h ago

Quali-Med Laboratories unveils new dawn in healthcare

Kabelo Boranabi | 19 h ago

Hosanna show showcases gospel potential

Tsaone Basimanebotlhe | 19 h ago

Shaba Stele in near-quit breakthrough

Johannes Kambai | 19 h ago

New season catches hat-trick fever

Kabelo Boranabi | 20 h ago

GU chase first three-peat in seven years

Kabelo Boranabi | 20 h ago

BAUSA mobilises diaspora for development

Tsaone Basimanebotlhe | 1d ago

BERA warns on electricity licensing

staff writer | 1d ago

Gov't must guard against cadre deployment

As the Botswana National Front (BNF) discusses a policy to place suitably qualified members in strategic positions, the guiding consideration should remain whether an individual is the best person to serve the country. There is nothing wrong with qualified party members applying for public positions. Political affiliation should neither disqualify a capable candidate nor give them an advantage over others. Every Motswana deserves a fair...

The Monitor Editor | 27 October 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.