BCL mine in global geopolitical tussle

Botswana’s defunct, state owned BCL mine which was bought by Premium Nickel Resources (PNR) about a decade ago, has risen from the ashes to become a key geopolitical point in an international battle between the United States of America and China.

The new BCL owners, Botswana’s focused nickel- copper-cobalt explorer, Premium Resources last week secured a $36 million strategic investment from several investors led by mining entrepreneur Frank Giustra and his Fiore Group, in a move that is expected to make Premium Resources part of the huge US military industrial complex.

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