ilsk Nickel is set to sell its African assets to Botswana-based...

ilsk Nickel is set to sell its African assets to Botswana-based mining company BCL for $337-million, as the Russian miner’s newly adopted strategy to shed all international assets moves forward.

The parties on Monday announced the conclusion of definitive transaction agreements that would see the transfer of Norilsk’s 50% participation interest in the Nkomati nickel and chrome mine, in South Africa, and its 85% stake in the Tati Nickel Mining Company, in Botswana, to BCL.

The latest sale would see BCL assume responsibility for all attributable outstanding debt and environmental and rehabilitation liabilities associated with each African asset,