Tati Nickel set to relaunch as Tataki

Austrian investor, Cevdet Caner, and his investment firm, NIU Invest SE, have pledged to invest $200 million (P2.7bn) over a 10-year period to bring Phoenix Mine at Tataki back to profitable operations, creating more than 3,000 direct and indirect jobs.

President Duma Boko as well as Minerals and Energy minister, Bogolo Kenewendo, are scheduled to witness the relaunch, which comes at a time when minerals such as nickel, copper, cobalt, and platinum group metals, are critically in demand globally.