Gwede Mantashe weighs into BCL, Norilsk battle

Friday, October 26, 2018

South African mineral resources minister, Gwede Mantashe has reportedly requested BCL Mine and Norilsk Nickel to shelve their court battle over a US$271 million deal, and wait for his decision.

The October 2014 deal involved BCL purchasing Norilsk’s assets which included a 50% stake in Mpumalanga mine, Nkomati Nickel, as well as Tati Nickel Mine near Francistown. Payment would be made once several regulatory conditions were concluded, the last of which was the transfer of Nkomati mining rights to BCL, by South African mining authorities.

Norilsk Nickel has since filed several suits against BCL demanding payment.

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Gwede Mantashe weighs into BCL, Norilsk battle

South African mineral resources minister, Gwede Mantashe has reportedly requested BCL Mine and Norilsk Nickel to shelve their court battle over a US$271 million deal, and wait for his decision.