PNRB to finalise Selkirk deal in August

Selkirk, located near Matsiloje village, has been under care and maintenance for about 20 years and was being disposed of as part of the larger BCL Ltd deal. PNRB, the local subsidiary of a Canadian nickel producer, offered about P67 million for Selkirk earlier this year.

In February, PNRB said that the transfer of ownership of the mine would be done within 120 days. However, in a statement this week, the company said that more time is required to fully conclude the Selkirk transaction.