Burkina Faso has nationalized the Wahgnion and Boungou gold mines for about $ 80 million, which was at the centre of a legal dispute between Endeavour...
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Maroc - iafrica.com - A La Une - 29/Aug 07:57
Burkina Faso Takes Control of Gold Mines After Legal Settlement
Burkina Faso has nationalized two contested gold mines, Wahgnion and Boungou, following a legal settlement between Endeavour Mining Plc and Lilium Mining. The dispute began when Endeavour alleged that Lilium had missed over $100 million in payments. Lilium in turn accused Endeavour of misrepresenting the mines’ financial status. Under the settlement, Lilium will transfer ownership…
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