Online Version

Facebook Feed

  • VACANCIES: BR PropertiesMay 17, 2022
    INTERNSHIP OPPORTUNITY Finance and Administration Closing date: 18th May 2022.
  • BANANA CLUB HOSTS FIRST MAUN EDITIONMay 17, 2022
    The artist-led collective, Banana Emoji Productions in collaboration with the European Union Delegation in Botswana hosted the beloved BANANA CLUB dialogues in Maun on the 14th of May 2022.  The multi-disciplinary creative group is committed to working with artists […]
  • Orange Botswana CEO among Africa’s most inspirational women in leadershipMay 12, 2022
    – Declares House of Rose House of Rose Professional Pte. Ltd (HORP) has announced its 2022 List of Africa’s Most Inspirational Women in Leadership. The list included over 100 inspirational leaders and was curated by House of Rose Professional […]
  • Unions ‘consider’ a Workers PartyMay 12, 2022
    Masisi snubbed trade unions on Workers Day, chose Khawa BOFEPUSU warn Masisi that Khawa could cost him elections Opposition will be top beneficiary of a Workers Party -Analyst BAKANG TIRO editors@thepatriot.co.bw Aggrieved trade union federation, Botswana Federation of Public, […]
  • Munyadzwe breeds, commercialises phane wormMay 12, 2022
    “We have had clients from as far as England, Ethiopia, Nigeria, Ghana and they really like the phane worms. People are talking about snack protein, and we are part of that revolution, food security, healthy sources of protein, going […]
  • About Us
  • Advertise
  • Disclaimer
  • Contact Us
  • Login
  • Register
Tuesday, May 17, 2022
17 °c
Gaborone
21 ° Tue
22 ° Wed
24 ° Thu
26 ° Fri
The Patriot On Sunday
Advertisement
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
No Result
View All Result
Cart / $0.00

No products in the cart.

  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
No Result
View All Result
The Patriot On Sunday
No Result
View All Result
Home News

PNR experts land in Botswana

patriot by patriot
April 21, 2021
in News
0
PNR experts land in Botswana

Mphathi

491
SHARES
1.4k
VIEWS
ShareShareShare

PHILLIMON MMESO

editors@thepatriot.co.bw  

The Canadian company Premium Nickel Resources (PNR) which has completed the Exclusivity Memorandum of Understanding (MOU) with the liquidator is now moving with intention to buy BCL Limited assets which include BCL and Tati Nickel Mines.

A team of experts with expertise in   financials, technical and operational matters from the Canadian company Premium Nickel Resources are said to have arrived in Botswana to examine the physical infrastructure in detail of both BCL and Tati Nickel Mines in preparation for purchasing.

Some of the engineers are said to be from North American Nickel, which is a shareholder in PNR.

Contacted for a comment PNR Country Director Montwedi Mphathi could not confirm nor deny that their experts have arrived, indicating that they have to brief their superiors first of any developments.

Information gathered by this publication has shown that PNR has engaged G Mining Services, a Canadian based firm specialising in mining consultancy.

Asked why they have been given an extra six months to do due diligence, Mphathi revealed that it will include negotiations to purchase the assets.

“In our indicative bid we had asked for four months. It took nine months to evaluate the indicative bids and give access to the preferred bidder to start the due diligence. We have been looking at the resource information in the data room and now coming to validate the same on site. We will also examine the physical infrastructure in detail in preparation to buy,” said Mphathi.

He said during this period, they will complete an environmental assessment, a metallurgical study, a review of legal and social responsibilities, a review of the mine closure and rehabilitation plans and an on-site inspection of the legacy mining infrastructure and equipment that has been under care and maintenance.

“Concurrent with this due diligence programme PNR will negotiate definitive agreements on the prioritised assets that will be included in the asset purchase agreement with the Liquidator,” said Mphathi.

He said if the studies can confirm that the mines can be resuscitated, they will make an offer to government through the liquidator.

Mphathi said it will take some time before the mine can be opened as they will shift to pre-feasibility study followed by a bankable feasibility study and putting up infrastructure, securing markets and restarting production.

Related

Tags: Premium Nickel Resources (PNR)

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
  • VACANCIES: BR PropertiesMay 17, 2022
    INTERNSHIP OPPORTUNITY Finance and Administration Closing date: 18th May 2022.
  • BANANA CLUB HOSTS FIRST MAUN EDITIONMay 17, 2022
    The artist-led collective, Banana Emoji Productions in collaboration with the European Union Delegation in Botswana hosted the beloved BANANA CLUB dialogues in Maun on the 14th of May 2022.  The multi-disciplinary creative group is committed to working with artists […]
  • Orange Botswana CEO among Africa’s most inspirational women in leadershipMay 12, 2022
    – Declares House of Rose House of Rose Professional Pte. Ltd (HORP) has announced its 2022 List of Africa’s Most Inspirational Women in Leadership. The list included over 100 inspirational leaders and was curated by House of Rose Professional […]
  • Unions ‘consider’ a Workers PartyMay 12, 2022
    Masisi snubbed trade unions on Workers Day, chose Khawa BOFEPUSU warn Masisi that Khawa could cost him elections Opposition will be top beneficiary of a Workers Party -Analyst BAKANG TIRO editors@thepatriot.co.bw Aggrieved trade union federation, Botswana Federation of Public, […]
  • Munyadzwe breeds, commercialises phane wormMay 12, 2022
    “We have had clients from as far as England, Ethiopia, Nigeria, Ghana and they really like the phane worms. People are talking about snack protein, and we are part of that revolution, food security, healthy sources of protein, going […]
The Patriot On Sunday

© 2022 Copyright The Patriot On Sunday - Inspired by Search Mart.

Navigate Site

  • About Us
  • Advertise
  • Disclaimer
  • Contact Us

Follow Us

No Result
View All Result
  • Login
  • Sign Up
  • Cart
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders

© 2022 Copyright The Patriot On Sunday - Inspired by Search Mart.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?