NEW YORK, NY--(Marketwired - Jan 14, 2014) - His Excellency Ambassador Alain Lemieux, President and Founder of the World Sports Alliance (WSA) is proud to announce the signing of a major agreement, in the mining sector, between the World Sports Alliance International Business Consortium (WSAIBC) and CVMR Corporation, (Toronto, Canada) for the construction and operation of a Nickel mine and refining plant within the Republic of Burundi.
This agreement, effective as of January 10, 2014, provides that CVMR Corporation, a firm internationally recognized for its state-of-the-art expertise in refining and value creation related to products from the recovery of Nickel and associated metals, will act as Consulting Engineer, Supplier, Builder, Manager and Operator (EPCM and OPEM) of a mine and a refining plant located within the Republic of Burundi (Central Africa), with a global processing capacity of 3,100,000 MT/year that should yield 35,000 MT/year of highly refined Nickel and other associated minerals.
This Mining Project is part of a broader Natural Resource Mining (NRM) PPP Project agreed to in the fall of 2013 between WSA and the Republic of Burundi, for the development of the Waga and Nyabikere Mining Concessions in the Gitega Region of Burundi.
This bilateral partnership provides for the implementation of a mining production project (Mine and Refining Plant), requiring an investment estimated at USD $1.6 Billion, in addition to an investment, in the short-term, over the next three years, in various infrastructures prioritized for the Project and for other urgent needs of the Country, (Transportation, Energy, Fixed Assets, Agriculture, etc.) estimated at over USD $1 Billion. All of which shall be entirely financed by WSA, through its Commercial Capital Manager, the firm of Curtis Whitney Holdings, Inc.
This NRM-PPP Project for Nickel and associated minerals will have a significant social and economic impact in Burundi with the further construction of two thermal power plants totalizing 90 MW and the creation of thousands of direct and indirect full-time jobs during the construction phase and several hundred full-time jobs over the 27 year operation of the PPP.
This major Project will start-up over the course of the second quarter of 2014.
The World Sports Alliance is an Intergovernmental Organization organized under the 1969 Vienna Convention on the Law of Treaties that currently enjoys the membership of Thirty-Three (33) Member States. The mission of WSA is to use Sports, Physical Education and Leisure, as a catalyst to design and then implement extracurricular youth training and educational programs and youth community sports centers among its Member States through which it will strive to facilitate the achievement of the United Nations' Millennium Development Goals for the establishment of a just, humane and equitable society.
The WSAIBC is a Specialized Agency of WSA responsible for the development and implementation of the WSA Public-Private Partnership (PPP) Projects within the territory of WSA Member States and, in particular, the Nickel-NRM-PPP in Burundi, which was agreed to in furtherance of the wish expressed by Burundi to commence the implementation of WSA's Socio-Economic Initiative within its territory.
CVMR Corporation is a privately-owned multinational, multi-disciplinary firm with 42 000 employees in three continents, that specializes in project management in the mining industry, infrastructure and mineral processing plant design and construction, in mining, metal refining (to the level of nano powders) and vapor metallurgy process development, as well as in vapor metallurgy for extraction, refining and deposition of metals, using its unique, environmentally neutral and cost effective proprietary technologies, to generate above industry average returns on investment.