Filling the Gap--Junior explorer wooing investors interested in Burundi nickel project after BHP Billiton pullout

摘要

LONDON- and Australia-listed exploration company Dwyka Resources flew into Johannesburg last week to hold talks with fund managers interested in filling BHP Billiton's shoes in what appears to be a promising nickel project in Burundi - and, at the same time, provided an update on its gold project in neighbouring Swaziland. Despite BHP Billiton having satisfied its earn-in requirements, which entitled the mining giant to a 10% interest in the Muremera nickel project through its investment of some 7,3-million dollars, Dwyka persuaded BHP to gift it the 10% and currently has 100% ownership.