Monthly Archives: November 2017

MEDIA RELEASE CONSECUTIVE TO THE CABINET MEETING HELD ON WEDNESDAY 08 AND THURSDAY 09 NOVEMBER 2017

A Cabinet Meeting was held on Wednesday 08 and Thursday 09 November 2017 under the chairmanship of His Excellency Pierre Nkurunziza, President of the Republic of Burundi. The following items were analyzed : 1. Bill on Ratification by the Republic of Burundi of Grant Agreement No. 2000001940 between the Republic of Burundi and the International Fund for Agricultural Development for the financing of the Agricultural and Rural Financial Inclusion Project of Burundi (PAIFAR-B), presented … Continue reading

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China is winning Electric Cars ‘arms race’

As demand for the vehicles surges, Chinese companies have been doing deals around the world to secure supplies of lithium, a silvery-white metal mined from rocks in Australia and brine pools in South America. China is the top market for electric and hybrid cars, accounting for roughly half of global sales, and the government is pushing the development of the industry within its borders. That calls for a lot of lithium, a key component … Continue reading

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MEDIA RELEASE CONSECUTIVE TO THE CABINET MEETING HELD ON WEDNESDAY 08 AND THURSDAY 09 NOVEMBER 2017

A Cabinet Meeting was held on Wednesday 08 and Thursday 09 November 2017 under the chairmanship of His Excellency Pierre Nkurunziza, President of the Republic of Burundi. The following items were analyzed : 1. Bill on Ratification by the Republic of Burundi of Grant Agreement No. 2000001940 between the Republic of Burundi and the International Fund for Agricultural Development for the financing of the Agricultural and Rural Financial Inclusion Project of Burundi (PAIFAR-B), presented … Continue reading

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Burundi : Vers l’octroi de permis de recherche du nickel à une société canadienne

Le Burundi examine les possibilités d’octroyer trois permis de recherche du nickel à une société canadienne Le gouvernement du Burundi a entamé mercredi l’examen des possibilités d’octroyer trois permis de recherche du nickel à une société canadienne enregistrée au Burundi. Selon un communiqué publié mercredi par le conseil des ministres, c’est la société CVMR Energy Metals Burundi SURL qui serait bénéficiaire de ces octrois pour le nickel et les minerais associés et opérerait sur … Continue reading

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China urged to ease reliance on DRC for Cobalt

GUANGZHOU, China (Reuters) – China is depending too much on the Democratic Republic of Congo (DRC) for cobalt, a crucial component in electric vehicle (EV) batteries, and should take steps to ensure security of supply, delegates said at an industry conference on Tuesday. China, the world’s top cobalt consumer, is “over-reliant” on the African country, which accounts for around half of global cobalt supplies, said Wu Lijue, chairman of Guangdong Jiana Energy Technology Co, … Continue reading

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Australia’s Nickel industry is at a ‘natural turning point’

Lithium and cobalt have ridden the battery technology boom and now it could be nickel’s turn for an electric vehicle-related lift. The price of nickel rose as much as 6 per cent overnight to $US13,030 a metric tonne in London, capping off its biggest two-day advance in five years. Shares in ASX-lised Western Areas opened strongly on Thursday, rising 3.2 per cent in morning trading, while main rival Independence Group traded 2.9 per cent … Continue reading

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One Metal Will Be Transformed by the Electric Car Boom

Glencore PLC and Trafigura Group Pte. Ltd. are often at loggerheads, but there is one thing they agree on: The nickel market will be transformed by the rise of electric cars. Nickel sulphate, a key ingredient in lithium-ion batteries, will see demand increase 50 per cent to 3 million metric tons by 2030, Saad Rahim, chief economist at Trafigura, said in an interview. While other battery metals such as cobalt and lithium have more … Continue reading

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The Canadian ghost town that Tesla is bringing back to life

Renewed demand for cobalt, the metal, is breathing new life into Cobalt, the town. Ironically, Cobalt, Ontario—population 1,100—was built on silver. Remnants of a boom that transformed the town more than a century ago are everywhere. A mine headframe still protrudes from the roof of the bookstore, which was previously a grocery. The butcher used to toss unwanted bones down an abandoned 350-foot shaft in the middle of the shop floor and keep meat … Continue reading

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