Burkina Faso is looking for a new partner to operate Tambao mine, one of the largest manganese deposit in the world, Bloomberg reports.
Following the regime change in 2015, Pan African Minerals, run by Frank Timis was asked to stop operating the mine. Subsequently, the company filed a case before the international court of arbitration in Paris to pursue operations and received nearly $4 billion as compensation. This worsened the case. Now, there is mistrust between the two parties.
“It is logical to find a reliable strategic partner and launch a new project,” stated Oumarou Idani, the minister of mines, in an interview. According to him, Pan African Minerals “did not respect its obligations”.
Tambao mine, which hosts more than 100 million tons of minerals, is expected to produce 3 million tons of manganese a year.
(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...
Mobile phones have become essential tools for work, education, payments and staying connected across...
Ecobank Transnational Incorporated asked shareholders to vote on a $500 million Tier 2 Eurobond...
Africa produces what it doesn’t consume, and consumes what it doesn’t produce. That stark line captu...
Funding part of $250 million raise to boost investor confidence Fintech expands services, pr...
Ecobank’s 2025 results reflect the shift of a pan-African bank toward a more profitable, disciplined and long-term-oriented model. At 40, the challenge is...
From eastern Chad, where measles and meningitis are spreading through overcrowded refugee camps, to the progress and fragility of vaccination campaigns...
A staple of West African cuisine, onions are among the sub-region’s most widely grown horticultural products and a key driver of intra-regional trade,...
Niger adopts draft decree to regulate firearm acquisition, possession, and use New framework introduces stricter controls, traceability requirements,...
CANAL+'s film arm backs a ZAR 300-million feature rooted in South Africa's anti-apartheid music movement. Production kicks off June 29 in Cape Town,...
Burkina Faso launches “SORA” university series filming in Ouagadougou 25-episode project explores student life challenges and...