Botswana hopes to strike deal with Norilsk soon over Nkomati mine

July 25, 2017

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Botswana aims to resolve a dispute with Norilsk Nickel (Nornickel) next month over a failed deal in which the country’s BCL Mine was to buy the Russian firm’s 50% stake in the Nkomati mine. “Due diligence and valuation exercises are being carried out to establish the value of the Nkomati assets as a basis for negotiating a commercially acceptable solution to the parties involved,” Botswana’s Mineral Resources Minister Sadique Kebonang said on Tuesday.

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