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Norilsk Considers Legal Action Against Botswana
Norilsk Nickel has served notice that it intends to commence legal proceedings in Botswana against the government of Botswana in respect to its involvement in the trading of BCL Ltd and BCL Investments Pty Ltd, with a view to recovering the roughly $271 million that they are owed in relation to the sale of a 50% interest in the Nkomati mine in South Africa and the $6.4 million they are owed in relation to the sale of the Tati mine in Botswana. The government of Botswana is the ultimate shareholder of BCL through its corporate vehicle MDCB.
Norilsk Considers Legal Action Against Botswana
Norilsk Nickel has served notice that it intends to commence legal proceedings in Botswana against the government of Botswana in respect to its involvement in the trading of BCL Ltd and BCL Investments Pty Ltd, with a view to recovering the roughly $271 million that they are owed in relation to the sale of a 50% interest in the Nkomati mine in South Africa and the $6.4 million they are owed in relation to the sale of the Tati mine in Botswana. The government of Botswana is the ultimate shareholder of BCL through its corporate vehicle MDCB.
Norilsk Considers Legal Action Against Botswana
2017
Article (Journal)
English
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