Norilsk 'death match' shifts to London


Norilsk Nickel is eagerly awaiting the green light from the London Court of International Arbitration (LCIA) in order to kick off its case for damages against BCL in the botched US$271 million deal, it has been established.

Representatives of the Russian nickel giant –the world’s biggest producer of the base metal – told BusinessWeek that all eyes were on the LCIA giving its go ahead for proceedings to commence in the British capital.

Last Friday, Norilsk won a Botswana Court of Appeal decision granting the group the right to “commence and prosecute” arbitration proceedings at the LCIA towards damages in the failed deal. “The next step will be for the English court to lift the stay on the LCIA arbitration and get the LCIA arbitration going,” officials said in a written response to BusinessWeek enquiries.

Editor's Comment
Something ought to be done about deadly A3 Road

The accident which happened near Marapong village comes after yet another horrific accident which claimed 16 lives in July last year near Hubona. These stats don’t include other accidents where fatalities were not as many as the two.While several factors may have contributed to the two accidents and many others, many believe the biggest with that road is the bad state that the road is in. Unconfirmed reports in the most recent accident state...

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