JOHANNESBURG, April 28 Russia's Norilsk Nickel
said on Friday it had filed a lawsuit against the
government of Botswana to try to recoup $271 million plus
damages it says it is owed from the aborted sale of a 50 percent
stake in the Nkomati mine in South Africa.
Botswana's state-run BCL Mine pulled out of a 3 billion pula
($281 million) deal in October last year to buy a 50 percent
stake in Nkomati Nickel Mine from Norilsk due to lack of funds.
Norilsk said in a statement it had served a notice of
proceedings on the attorney general of Botswana, the minister of
mineral resources and the minister of finance.
The mining company said that funding for the deal would come
from or be guaranteed by the government but the state had made
no effort to complete the deal.
"The government has displayed a complete disregard for the
fair, frank and reasonable dealing with outsiders which BCL's
insolvent circumstances demanded," Norilsk Nickel Africa CEO
Michael Marriott said in a statement.
Norilsk had previously also filed a lawsuit in December 2016
against the BCL Group, saying it had failed to honour its
obligations under the sale agreement.
Botswana officials were not immediately available for
(Reporting by Tanisha Heiberg; Editing by Ed Stoddard and