Search

Burkina Faso Takes Partial Control of Major Gold Mines Amidst Insecurity

Allen dreyfus Logo
© Allen Dreyfus
  • The transitional government has acquired two major gold mining sites from Lilium Mining and Endeavour Mining
  • The move signals Burkina Faso’s efforts to assert greater sovereignty over its mining resources

Ouagadougou, Burkina Faso – Amidst ongoing insecurity, Burkina Faso is asserting partial control over its mining resources, with the transitional government signing an agreement on August 26 to acquire two major gold mining sites from Lilium Mining and Endeavour Mining. The Boungou site, located in eastern Burkina Faso, and the Wahgnion site in the southwest, are now under government ownership.

You need an active subscription to continue reading this article.

Recent Business

john-middelkoop-j67BWwvS9h8-unsplash
Namibia positions itself as a green hydrogen contender despite export hurdles
Read More »
jakub-zerdzicki-8wLZi9OhsWU-unsplash
Tinubu’s tax reform falls short of ambition after resistance from northern states
Read More »
silhouettes-6576684_1920
Inside the AfDB’s Next Chapter: Debt, Diplomacy and the Tah Doctrine
Read More »

Recent Politics

jakub-zerdzicki-8wLZi9OhsWU-unsplash
Tinubu’s tax reform falls short of ambition after resistance from northern states
Read More »
silhouettes-6576684_1920
Inside the AfDB’s Next Chapter: Debt, Diplomacy and the Tah Doctrine
Read More »
kofi-bhavnani-4c-k7vendbg-unsplash
Public anger mounts in Ghana over new fuel levy to tackle energy debt
Read More »

Latest Posts

Latest news insights