PNRB to finalise Selkirk deal in August

Ready to rumble: Tati Nickel Mine consisted of Selkirk and Phoenix mines. Selkirk’s acquisition is due to be finalised in August, while Phoenix is wrapping up a competitive bidding process PIC: MINIGREVIEW.COM
Ready to rumble: Tati Nickel Mine consisted of Selkirk and Phoenix mines. Selkirk’s acquisition is due to be finalised in August, while Phoenix is wrapping up a competitive bidding process PIC: MINIGREVIEW.COM

FRANCISTOWN: Premium Nickel Resources Botswana (PNRB) expects to finalise the takeover of the Selkirk nickel mine by August, after delays associated with the acquisition of rights and COVID-19, BusinessWeek has learnt.

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.


Editor's Comment
Happy Independence!

We are 56 years old and what do we have to show for it? Looking at where Botswana started and where it is today, there are a lot of developments, but whether the developments match the number of years we have enjoyed as a country is a topic for another day.The fact that cannot be denied is we have seen major developments, but we are still lacking in several pertinent areas.Our beautiful country imports almost everything. We import fuel, food,...

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