Burundi signs agreement with Canada based company to exploit nickel

extractive sector
An open pit mine in the town of Prestea, where Oxfam parter organization in Ghana, WACAM has been supporting the Concerned Citizens Association of Prestea in its efforts to negotiate with a mining company around issues related to air and water pollution, and the proposed expansion of mining operations.

The Burundian government Monday signed an agreement with CVMR, a Canada-based company to continue explorations and the exploitation of nickel in Karusi and Gitega provinces, central Burundi, the Burundian energy and mining minister said here in a press conference.

The convention provides that CVMR will continue exploration researches of nickel at Nyabikere in Karusi and at Waga in Gitega as well as associated minerals in the two sites, said Burundian energy and mining Minister Come Manirakiza. “The company will finalize them and we hope that by the beginning of next year the exploitation of nickel will start by then,” said the minister.

According to him, the company will also exploit vanadium at Mukanda in Gitega Province and in some other areas like Butaganzwa in Ruyigi Province in eastern Burundi.

With regards to the delaying exploitation on nickel at Musongati in the southeastern Rutana province, Manirakiza explained that the delay is explained by the fact that the exploitation of nickel at Musongati “requires much energy and a railway” connecting to the site.

“By 2014 when we and the Burundi Mining Metallurgy International (BMM) were about to launch the exploitation of nickel at Musongati, the price of nickel fell very badly at the world market,” said Manirakiza.

Presently the price of nickel has gone high, said the minister, adding that the government is seeking again ways of resuming the partnership with BMM so that they can exploit nickel at Musongati. Enditem

Source: Xinhua/NewsGhana.com.gh

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