Govt to acquire bigger stake in BCL

"There a number of issues to be concluded before the deal is finalised. It is not clear what will transpire in terms of percentages, but changes are certain," said the government source.

The majority shareholders in BCL mine are the Botswana government and Russian company Norilsk Nickel. The holding investment company for the mine is the Botswana Roan Selection Trust (BRST) with a stake of 85 percent. BRST operates an ore treatment and flash smelting facility through its subsidiary, BCL Ltd.