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Matsiloje’s Tataki Mine formerly Tati Nickel Mine is set to reopen next week under a new U.S registered critical metals company – Global Critical Resources Corporation (GCR Group).
The development comes after NIU Invest (NIU), a leading European investment company, contributed MTV, a copper mine in Chile and Tataki Mine to GCR Group.
According to a statement issued by the company on Thursday, Tataki is expected to generate over USD4.2 billion (approximately P56.25 billion) in revenue, over the next decade.
The mine will produce a variety of metals and hydroxide salts that are widely traded internationally, from its vast reserves of nickel, copper, cobalt, and platinum group metals.
“We plan to invest further capital into Tataki to develop and expand mining operations,” said GCR Group Chief Operating Officer, Lukasz Abramowicz.
The mine’s products will include nickel and cobalt hydroxide precipitates, copper cathodes, metal bars for platinoids (platinum, palladium, rhodium), and precious metals.
“Tataki will be a key engine for Botswana’s economic growth in the coming years, contributing a 1.5 percent increase in annual GDP to the country,” said Abramowicz.
Focused on meeting the world’s rapidly growing demand for the resources essential to advanced technologies, electric vehicles and renewable energy GCR Group intends to exploit advanced technology to seek out investment opportunities and create value.
“Together with our partners and stakeholders, GCR Group delivers integrated mining solutions that combine cutting-edge methods with a commitment to responsible production,” said Chief Executive Officer, Richard Bunning.
“Instead of building from scratch, we revitalize high-potential assets, turning them into efficient, future-ready operations.”
The purpose-driven and innovation-led GCR Group says it is dedicated to creating impact in both local communities and global supply chains.
“At our core, we believe investing in critical minerals is not just a strategic opportunity to secure crucial supply chains and propel innovation, but it’s also a generational chance to accelerate development in communities endowed with these resources,” said Executive Chairman Cevdet Caner.
“Sustainability drives everything we do, and we operate with the highest environmental, social, and governance standards to responsibly deliver the critical resources the world needs.”
GCR Group says will continue to expand its portfolio by acquiring and investing in mining assets across the globe, with a focus on copper, cobalt, and other critical minerals.
President Gideon Duma Boko is expected to officiate the resurrecting of Tataki scheduled for next week Tuesday.
Meanwhile NIU Invest will maintain its momentum as a leading player in real estate, technology, and capital markets, sustaining its strategic partnership in mining with GCR Group across key jurisdictions and asset classes.
