Burkina Faso plans to end the agreement with Pan African Minerals (PAM) on Tambao mine, Bloomberg reports.
Oumarou Idani (photo), the Burkinabe mine minister declared on national TV yesterday April 11, that the state will give a 90 days notice to the company headed by Frank Timis, to end the agreement. He also indicated that the company has failed to construct the rail and road infrastructure included in the contract.
Indeed, while the company’s lawsuit against the State is still pending at the International Court of Arbitration, this declaration from the minister appears as another sign of a definitive breach of trust between both sides.
Let’s recall that last February, the minister said the government was seeking a new partner to operate the mine, and according to recent comments, there would be many interested companies.
Tambao mine would house more than 100 million tons of ore and is expected to produce 3 million tons per year.
EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...
M-PESA evolves into major financial platform with 35 million users Telecoms, fintechs expan...
Algeria launches bid for two NGSO satellite telecom licenses Move aims to expand broadband ac...
Coca-Cola unit trains 260+ SMEs in Namibia business skills Program targets women, youth, disabled...
Driven by above-average growth and rapidly expanding demographics, Francophone Africa is emerging as...
FAO urges countries not to restrict fertilizer and energy exports War-linked disruptions threaten global supply and drive prices higher Food security...
Parliament approves loans for second phase of electricity reform program Project aims to improve access and strengthen national energy system Severe...
South Africa excluded from 2026 G20 under U.S. presidency Diplomatic tensions with Washington deepen after public disputes Absence risks...
AfDB approves $200 million loan to expand Nigeria’s fiber network Project aims to extend coverage nationwide and boost broadband...
MASA 2026 gathers artists and industry professionals from over 28 countries in Abidjan. The event features 99 performances across market and...
French lawmakers approve colonial-era restitution framework unanimously Law enables returns by decree, replacing case-by-case...