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    market news

    Burundi to Raise Power Tariffs, Eyes Nickel Output

    Investing News Network
    Jul. 12, 2011 08:11AM PST
    Base Metals Investing

    Mining Weekly reports Burundi plans to raise electricity bills for consumers to help raise funds for power generators needed to export more nickel.

    Mining Weekly reports Burundi plans to raise electricity bills for consumers to help raise funds for power generators needed to export more nickel.

    The market news is quoted as saying,

    Officials say it requires an additional 270 MW in the next five years to meet a 13 percent growth a year in demand for electricity by households and to start exploration of nickel reserves estimated at 4.2-million tons.

    For the complete market news, click here.

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