Burundi Takes 15% Ownership of Kermas Nickel Project

Burundi’s government took a 15 percent stake in a project to build a nickel and iron mine led by Burundi Mining Metallurgy Ltd., said Danko Konchar, chief executive officer of Kermas Group, the majority owner.

The state’s stake in Burundi Musongati Mining, of which BMM holds the remaining 85 percent interest, was part of the terms of a mining-license agreement signed this month, Konchar said in a June 19 phone interview from Saint-Tropez, France.

Read more at: http://www.businessweek.com/news/2014-06-23/burundi-government-takes-15-percent-ownership-of-kermas-nickel-project

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