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    Burundi to Start Nickel Production Next Year, 35 Years After Its Discovery

    Investing News Network
    Jul. 01, 2011 06:46AM PST
    Base Metals Investing

    Bloomberg reports that one of the world’s poorest countries, Burundi, will start nickel production next year, even though the metal was first discovered there 35 years ago.

    Bloomberg reports that one of the world’s poorest countries, Burundi, will start nickel production next year, even though the metal was first discovered there 35 years ago.

    The market news is quoted as saying,

    Feasibility studies, carried out by the closely held South African company Burundi Mining Metallurgy International, are almost finished and mining work is expected to begin early next year, said Evelio Mushimantwari, director general of the department of geology and mines, in an interview yesterday in the capital, Bujumbura.

    For the complete market news, click here.

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