Gwede Mantashe weighs into BCL, Norilsk battle

Mantasha is considering BCL's appeal
Mantasha is considering BCL's appeal

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.

Editor's Comment
Reconciliation talks excite Batswana

Many have made it very clear that there is nothing more they would prefer than seeing the two ending their feud and working together for the good of the country.While some Batswana dismissed reconciliatory efforts as a political ploy, many Batswana welcomed the move with open arms because it is obvious that the feud between the president and former president has not been looking good for the country.The misunderstanding that seems to have started...

Have a Story? Send Us a tip
arrow up