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.
Except for Tunisia entering the Top 10 at Libya’s expense, and Morocco moving up to sixth ahead of A...
Oil majors expand offshore exploration from Senegal to Angola Gulf of Guinea accounts for about 1...
Deposits grow 2.7%, supporting lending recovery Average loan sizes small, credit risk persists ...
Visit scheduled from February 4 to 6, 2026, at the invitation of President Hakainde Hichilema Tal...
The BCEAO granted Semoa a level-3 “full service” payment institution license on January 27, 2026...
Africa needs 6.1 million additional health professionals to reach universal health coverage by 2030, Africa CDC says. Only Rwanda, Botswana, and...
Ivory Coast set the 2026 minimum farmgate cashew price at CFA400 per kilogram, down 6% year on year. Authorities cited weaker international...
South Africa, China sign trade cooperation deal at JETC meeting Agreement targets duty-free access, investment, higher-value South African...
World Bank assesses progress on PACTDIGITAL and WURI programs Midterm review highlights coverage of 750 digital white zones 2026 roadmap focuses on...
The Pan African Film & Arts Festival (PAFF) will run from February 7 to 22, 2026, in Los Angeles, positioning itself as a major soft power platform for...
More than 100 Senegalese artists publicly urged President Bassirou Diomaye Faye to impose sanctions on Israel over the Gaza conflict. The artists...