If indeed there has been a settlement with the Russians and Government/BCL at last, will this speed up the liquidation generally and encourage bidders for TNMC and any who may be interested in Maibele North through BCLI, both of whom (as I understand it) remain under provisional liquidation rather than outright wind up, as is the case with BCL itself.(???)
Like all such receiverships KPMG are notoriously tight with information......interestingly the new directors of SI6 seem to share the KPMG tight lip approach.....I sometimes think the tsetse fly must be in Botswana, putting everyone to sleep.
http://www.miningweekly.com/article...el-45m-to-settle-mine-sale-dispute-2018-03-09
Nickel $45m to settle mine sale dispute
9TH MARCH 2018
BY: REUTERS
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**ORONE – Botswana has paid Norilsk Nickel $45-million to settle a dispute after its State-run mining company pulled out of buying a stake in a South African mine from the Russian firm, the minerals minister said on Friday.
Botswana's state-run BCL Mine pulled out of a 3-billion pula ($281-million) deal in October 2016 to buy a 50% stake in Nkomati Nickel Mine from Norilsk due to a lack of funds, prompting the Russian firm to file a legal claim.
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Minister of Minerals Sadique Kebonang confirmed the settlement to Reuters and said the payment was approved through a presidential directive on January 24.
Norilsk Nickel declined to comment.
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