Botswana responds to lawsuit filed by Russia’s Norilsk Nickel

by CNBC Africa 361 views0

Why Norilsk nickel Africa is suing the Botswana govt for $271mnf

Russia’s Norilsk Nickel is suing the Botswana government for an amount of $271 million plus damages. The company alleges it is owed the monies from the aborted sale of a 50 per cent stake in the Nkomati mine in South Africa. Botswana’s state-run BCL Mine pulled out of the deal in October last year due to lack of funds. Minister of Mineral Resources, Green Technology and Energy Security Adv Sadique Kebonang joins CNBC Africa for more