Dubai investors in town

Dixon Warren said the company officials arrived mid-March. He added that the due diligence process involves assessing the company assets and any information to determine whether they can make an offer. “Once they finish the exercise they can make an offer to buy shares from Government. The intention is to stop the liquidation,” he added.

Dixon Warren said the exercise is expected to conclude by end of this month. The due diligence exercise also includes BCL subsidiaries such as Tati Nickel and brings hope that the takeover deal would be sealed soon to revive the Mine and the local economy.