New BCL legal move a Ďtacticí Russians say

BCL Mine
BCL Mine

A move by BCL Ltd‚Äôs provisional liquidator to nullify South African approval of a $271.3 million equity deal between the local group and South Africa‚Äôs Nkomati Mine, is a purely ‚Äútactical move‚ÄĚ, says Russian base metal giant, Norilsk Nickel.

In 2014, BCL announced an agreement to buy 50% of South Africa’s Nkomati Mine from Norilsk Nickel, a deal that only received regulatory approval from the mines Minister there last September, but never materialised as BCL went into liquidation a month later.

When the approval was issued, it satisfied the last outstanding condition under the equity sale, meaning BCL was now liable to pay the purchase price of $271.3 million (P2.8 billion).

Editor's Comment
Doctor's orders can't be overemphasised

The walk serves to raise awareness of the prevalence and impact of using treatment to manage seizure attacks.While many are aware that epilepsy is a medical condition that requires specialised care by health practitioners, there are those who, unfortunately, have other ideas about the condition and often deny their children medical care.These individuals usually associate the medical condition with witchcraft and demonic attacks, and choose to...

Have a Story? Send Us a tip
arrow up