Norilsk Considers Legal Action Against Botswana
The notice was served under section 4 of the State Proceedings (civil actions by or against government or public officers) Act and was served on the attorney general of Botswana, the minister of mineral resources, green technology and energy security, and the minister of finance.
Norilsk had agreed in October 2014 to sell their operations in Africa to BCL for a total price of $337 million, though that amount was later reduced when Norilsk agreed to price concessions requested by BCL and the government.
In October 2016, Norilsk learned through the media that BCL had been placed into provisional liquidation by the government in an apparent attempt to avoid its obligations to Norilsk. supports.