Burkina Faso nationalises two gold mines, ending legal dispute between rival companies

Burkina Faso nationalises two gold mines, ending legal dispute between rival companies

Burkina Faso has nationalised two gold mines for a sum of around 80 million dollars, ending a legal row between rival companies Endeavour and Lilium Mining. As part of the deal, the companies will abandon their legal cases against each other, launched after Endeavour sold the mines to Lilium.

Burkina Faso Nationalizes Contested Gold Mines Amid Legal Settlement

Burkina Faso has taken a significant step by nationalizing two contentious gold mines following a legal dispute involving Endeavour Mining Plc and Lilium Mining. This decision marks a pivotal moment in the country’s efforts to assert greater control over its natural resources, in line with a broader trend observed across Africa. The resolution of the …