Emirates Investment House (EIH) is in discussions regarding acquisition of Botswana state-owned BCL

“Emirates Investment House is very interested in buying shares in BCL, but their sale is only possible after the end of the liquidation procedure – when the issue will be settled with the creditors,” indicated liquidator Nigel Warren-Dixon of accounting firm KPMG, who also indicated that taking on the dispute with Norilsk Nickel is one of the conditions of the transaction.
The Arab company has already been granted access in order to carry out due diligence of BCL’s assets, including Nkomati Nickel and Chrome mine. EIH proposal is expected by the end of April, and it will detail the price they are willing to pay for the BCL shares.
In October 2014, Russian nickel and palladium mining and smelting company Norilsk Nickel agreeds to sell its interests in African operations to BCL for US$337 million. After years of discussions and given the decreasing value of global metal markets, the final regulatory approvals for the transaction were obtained on September 6, 2016, with obligation to complete the deal by September 13 for US$271.3 million, but there hasn’t been any attempt to move ahead with the transaction. One month later, BCL had been placed into provisional liquidation.

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The situation indicates that Botswana government were never interested in negotiating, and through its investment company Minerals Development Company Botswana (MDCB), the government pushed Norilsk to take legal action despite the Russian company previously showing no appetite for such a struggle. Rather than negotiate, the MDCB Chief Executive Officer Paul Smith is claimed to have convinced cabinet to liquidate BCL before Norilsk could pursue legal action.
The Botswana government’s stealth liquidation is implemented clearly to avoid Norilsk Nickel being able to obtain their money through legal proceedings. This is the main reason why the Russian company has already welcomed the interest from Emirates Investment House and now awaits the UAE based company’s proposal to the BCL liquidators.

Which are the best car insurances?

foremostI don’t know about you but, when I get a new car, the first thing I think about is how can I avoid any and all accidents my car can be involved in and how can I get the best car insurance I can get for my car. Now, insurance companies are constantly evolving and this year has not been an exception to this rule so, I want to show you which are currently the best car insurances you should be considering for your car so that you are not taken off guard if God forbid, you happen to be involved in a car accident.

Now, before choosing any companies, what are the things I should be considering?

 

Not only should you be looking for the best company when it comes to prices but also, you should be looking for an insurance company that is flexible when it comes to options offered and customer service and I consider you can really go from there. Remember to always consider which car insurance company is covering most of your needs and if this company is within your price range. Because let’s face it, some insurance companies offer expensive plans and they don’t even cover most of your needs as a car owner so, make sure you are taking this into consideration.

One of the best car insurance companies around this 2017 is called: Amica

 

Why are people considering this insurance company to be the top of the top when it comes to car insurance? Well, simple! It definitely delivers when it comes to keeping their customers happy and believe me, there are receipts that prove it! This company has done many surveys to make sure their customer’s needs are being heard, and most of them have demonstrated to be very happy with this insurance company and the way they handle their needs as a customer.

Another one that keeps customers happy is called state farm!

This is another car insurance company that is keeping their customers happy when it comes to delivering quality service so, this is definitely another company to keep at the top of your list of choices!

Just to let you know, you should be aware of the fact that a well-known companies not the only insurance choice you have; you can also choose to go for foremost insurance.

GROUP6 OFFERS FIREWALL PROTECTION FOR ANY BUSINESS

group6SINGAPORE – In the digital age we live in, keeping sensitive information private is somewhat difficult.

 

In the past few years, several companies have been hacked and their client and staff members’ sensitive personal information, like names, addresses, phone numbers and even payment information, have been leaked to the public. Group6, a cyber security company based in Singapore, can play the role of any company’s Chief Information Security Officer to keep this information safe and out of the wrong hands.

 

Group6 offers several services, one of which includes firewall protection. Firewalls are a part of a computer system or network that is designed to block unauthorized access while permitting outward communication. It is the best solution for any company of business’ cyber security.

 

For more information on firewall protection through Group6, call (65) 9787 8461, email hello@group6.co or visit the company online at  firewall solutions singapore

 

 

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