Tataki Mine, formerly Tati Nickel in Matsiloje has been re-opened under new management after a nine yearlong closure due to baseline meltdown. President Duma Boko officially launched the re-opening this Tuesday.
The mine is expected to create 400 direct jobs and over 3 000 indirect jobs when fully operational. The mine re opens by investing in the green energy transition economy. An economy President Advocate Boko indicated will offer significant opportunities for both domestic and international investors.
Re opening under the Global Critical Resources (GCR) Tataki will produce a variety of critical metals and hydroxide which are essential and indispensable for driving transformation for a cleaner energy.
“Investing in green energy transition is not only an environmental but an economic imperative. These sectors are wide open to young people, who will become job creators of tomorrow,” stated President Boko.
President Boko highlighted the dire need for serious investors in order for government to tackle high unemployment gripping the country. He further called for the removal of red tape and wasteful delay in government offices and processes when dealing with investors.
“I call for speed and agility in all sectors of the economy. The two years spent in the back and forth of the re-opening of this mine was totally unjustifiable. We must strive to listen, examine, decide and lest results ensue. Words must translate into results.”
Tataki mine has one of Botswana’s largest reserves of nickel, copper, cobalt and platinum group metals. Global Critical Resources plans to invest US$200 million into Tataki mine over the coming decade and also US$50 million in the first 18 months to ramp up steady state production levels.
“Over the next decade, Tataki Mine is expected to generate over US$4.2 billion in revenue and contribute a 1.5 percent increase in the annual Gross Domestic Product to Botswana,” said GCR executive chairman, Cevdet Caner.
“Global Critical Resources is purpose driven and innovation led, and is dedicated to creating impact in both local communities and global supply chains. The company plans to invest significant resources in local development initiatives in education, healthcare and infrastructure, while maintaining the highest standards on site safety, environmental compliance and stakeholder engagement,” emphasised the GCR executive chairman.
“We are building a dynamic company that will grow in tandem with Francistown and the entire region.”
Global Critical Resources Corporation is a United States of America registered producer of the critical metals that power modern life with assets in African and South America.
