The interest shown by the Dubai royalty under their Emirates Investment House (EIH) Company to buy the whole BCL Group has attracted mixed reactions from industry players. Some argue that it is surprising that in less than four months the mine which government said was not profitable has already find a buyer while others have welcomed the developments as it will save the copper mining town of Selibe Phikwe from becoming a ghost town. BCL Enterprises, which is a stated-owned company, has already signed a memorandum of agreement with the Dubai billionaires. Buying Polaris II prospectsA source close to the deal has revealed that while on the surface the Arabs are seen to be interested in opening and operating both the BCL and Tati Nickel Mines, deeply they have been lured by Polaris II strategy. The strategy was made and adopted two years ago by the BCL management in order to transform the company into a diversified enterprise. It was modelled around the Russian’s Norilsk Nickel Mining Company (NNMC) system under which it managed to open and purchase mines around the world. Though many felt that POLARIS II was the downfall of Dan Mahupela’s management, those close to the mine…