West African says alternative plan submitted to Burkina Faso

West African says alternative plan submitted to Burkina Faso

WEST African Resources (WAF) said on Tuesday it had submitted an alternative proposal to Burkina Faso in response to its request for more shares in Kiaka, the Australian gold miner’s recently commissioned 220,000 ounce a year mine. In August, Burkina Faso said it wanted to acquire a further 35% in Kiaka after earlier exercising an option to increase its free carried stake to 15% from 10%. “WAF submitted a proposal to the Government to increase b…