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Niger Takes Control of Gold Mine From Australian Operator

Summary by ugandanews.net
Authorities say the move aims to preserve a highly strategic mine after McKinels actions caused debts, unpaid wages, and shutdownsNiger's transitional government has nationalized the country's only industrial gold mine, accusing its Australian-owned operator of "grave contractual breaches" and failure to honor a promised $10 million investment plan.The West African country's interim presi
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6 Articles

Niamey hits hard. President Abdourahamane Tiani signed the ordinance nationalizing the Liptako Mining Society (SML), a key operator of Nigeri gold, 80% owned by Australian Mckinel Resources Limited. Motif: unfulfilled promises, phantom investments and financial situation on the brink of the abyss. In six years, the commitment to mobilize at least 10 people to...

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independentpress.cc broke the news in on Sunday, August 10, 2025.
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