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Russia's Nornickel Sues Botswana's BCL Group Over Nkomati Joint Venture Deal

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Russia's Norilsk Nickel (Nornickel) company said Wednesday it had filed lawsuits in various international courts against the Botswana-based BCL group (BCL) to... 30.11.2016, Sputnik International

2016-11-30T18:54+0000

2016-11-30T19:00+0000

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Russia's Nornickel Sues Botswana's BCL Group Over Nkomati Joint Venture Deal

18:54 GMT 30.11.2016 (Updated: 19:00 GMT 30.11.2016)

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Russia's Norilsk Nickel (Nornickel) company said Wednesday it had filed lawsuits in various international courts against the Botswana-based BCL group (BCL) to enforce the sale of Nornickel's 50% stake in a joint venture Nkomati to BCL.

MOSCOW (Sputnik) — According to Nornickel Group statement, the Russian company "is seeking to obtain an unconditional and enforceable execution of the sale and purchase agreement for a 100% interest in Norilsk Nickel Africa (which holds 50% in Nkomati), or, alternatively damages to be recovered from BCL."