Mysterious twist in BCL, Norilsk P2.7bn battle
Friday, January 11, 2019
The October 2014 deal involved BCL purchasing Norilsk’s assets which included a 50% stake in Mpumalanga mine, Nkomati Nickel, as well as Tati Nickel Mine near Francistown. Payment was due to be made once several regulatory conditions were concluded, the last of which was the transfer of Nkomati mining rights to BCL, by South African mining authorities.
BCL closed down before the deal was finalised and the parties have locked horns in Johannesburg and Gaborone courts over payment of the deal. An attempt by the Russians to move the battle to London, was rejected earlier this year by the Gaborone High Court.
The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...