Burkina Faso’s Boungou and Wahgnion gold mines now belong to the government.
Until Tuesday 27th August 2024, the Boungou and Wahgnion gold mines were owned by an African mining company. However Ouagadougou has agreed a deal to nationalise the mines for around $80 million.
Endeavour Mining, which agreed to sell Boungou and Wahgnion to Lilium last year for more than $300 million, had accused its rival of missing payments. Meanwhile Lilium argued that London-listed Endeavour had misrepresented and hidden financial information about the mines.
However as part of Tuesday's agreement, the companies are to abandon their legal cases against each other.
The nationalisation follows a growing pattern of African governments, especially those under military juntas, attempting to exert greater control over their natural resources.
#breakingnews #tinubu #bolaahmedtinubu #kashimshettima #abuja #TVCNews #TVC #News #NaijaNews #NaijaGist #Entertainment #NewsUpdate #BreakingNews #NewsInNigeria #TrendingGists #latestnews #todaynews #BreakingNews #TrendingVideo #YouTubeRewind #Trending #Viral #Music #EntertainmentNews #ClimateChange #BusinessNews #SportsNews #AfricaNews #NigerianYouth #NigerianSports #NigeriaEconomy #NigeriaNews
Join this channel to get access to Exclusive Trending News Content:
[ Ссылка ]
Don't forget to subscribe: [ Ссылка ]
Watch more interesting videos: [ Ссылка ]
Follow TVC News On:
Twitter: [ Ссылка ]
Instagram: [ Ссылка ]
Facebook: [ Ссылка ]
Get more news on our website: [ Ссылка ]
Download the mobile app
Android: [ Ссылка ]
iPhone: Go to apple store
