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  • Parley finally "OKAYS" Norilsk's out of court payment

    Initially Norilsk Nickel sought reimbursement to the tune of US$270 million (about P2,5 million) from the Botswana government over a botched deal by BCL to buy a 50-percent stake of its Nkomati Mine. The Russian mining giant had served notice to sue on the Minister of Mineral Resources, Green Technology and Energy Security, Sadique Kebonang

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    An amendment to the mine's concentrate offtake agreement was concluded with Metals Trade Overseas AG (MTO) effective from 22 April 2018 which improves the terms and conditions of the offtake for the mine. Nkomati Mine was also impacted by a lower chrome contribution as the mine's average realised US Dollar price for chrome decreased by 50%.

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  • BCL, Norilsk legal battle continues Sunday Standard

    The dispute between the parties emanates from a 2014 deal in which Norilsk struck two agreements with BCL Limited to sell its 85 percent stake in Tati nickel mine and its 50 percent stake in South Africa's Nkomati Nickel to the state-run nickel producer for $337m. The price was dropped to $277million.

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  • Norilsk Nickel issue legal proceedings against Botswana

    Apr 28, 2017Norilsk Nickel has served notice that it intends to commence legal proceedings in Botswana against the Government of Botswana in respect of its involvement in the reckless trading of BCL Limited and BCL Investments Proprietary Limited (BCL), with a view to recovering the US$271mn (plus damages and other costs) that they are owed in relation to the sale of a 50 per cent interest in the Nkomati

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    1820 July 2011 Conference * 21 July 2011 Technical Visit Palabora Mining Company * 22 July 2011 Technical Visit Nkomati Mine The Sixth Southern African Base Metals conference, is to be held in Phalaborwa on 1820 July 2011. This conference follows on from the previous Base Metals conferences held in the Southern African region.

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  • AT BOTSWANA BARBEQUE NORILSK NICKEL Dances With Bears

    The higher grade, lower cost substitute came from the Nkomati nickel mine in South Africa; it is located at Mpumalanga, 650 kilometres to the south. Nkomati was essential to the Botswana government's plan to keep its nickel mining and processing businesses going, on condition the lower cost of production reduced the government subsidy for BCL.

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