Norilsk Nickel ready for BCL in London

No Image

Russian base metals giant, Norilsk Nickel says it has already engaged its counsel to proceed with talks at the London Court of International Arbitration in an effort to secure damages from BCL Mine.

Since BCL’s closure in October 2016, Norilsk Nickel has fought for $271 million it claims the Selebi-Phikwe miner owes under a 2014 deal involving the purchase of Tati Nickel and Nkomati, a nickel mine in Mpumalanga, South Africa.

Early last year, government had offered to settle with the Russians for P522 million, but BCL’s liquidator scuppered the deal arguing that the validity of the 2014 contract was as yet unproven.

Editor's Comment
Shame on the Police!

According to a press statement from the police, unidentified armed men attacked on duty police officers at the station in the early hours of Tuesday.During the attack, the suspects stole 14 riffles, five pistols and an undisclosed number of ammunition.Although unconfirmed, it is alleged that the suspects were just carrying knives and axes, which they used to scare the men and women in uniform before they took them hostage to help themselves to...

Have a Story? Send Us a tip
arrow up