…move seen as bold step towards resource sovereignty Kaieteur News – Burkina Faso has struck a deal to nationalise two gold mines for about $80mn...
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Maroc - NAIJA247NEWS.COM - A La Une - 28/Aug 00:32
Burkina Faso Nationalizes $80M Gold Mines from Endeavour Mining Amid $300M Deal Controversy
Burkina Faso has finalized a deal to nationalize the Boungou and Wahgnion gold mines from London-listed Endeavour Mining for approximately $80 million. This action reverses Endeavour’s previous agreement to sell the mines to Lilium Mining for over $300 million. Under the new arrangement, Burkina Faso will pay Endeavour $60 million in cash and a 3% […]
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