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Nornickel resolves dispute with Botswana, gets compensation

patriot by patriot
November 18, 2021
in Business
0

Reuters

Russian mining giant Nornickel GMKN.MM said on Thursday it has settled its dispute with Botswana’s government and BCL Group related to the sale of Nornickel’s assets in Africa, including half of joint venture Nkomati to BCL. Nornickel, the world’s largest palladium producer and a leading producer of refined nickel, received “an agreed cash compensation” as part of the settlement, and the parties waived claims against each other, the miner said in a statement.

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