Burkina Faso seeks a new partner to develop Tambao manganese project
Thursday, 22 February 2018 17:57
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.
Live News
-
BNP Paribas Enters Exclusive Talks to Sell BMCI Stake to Holmarcom
16:11
-
Burkina Faso–Morocco Commission Yields Twelve Bilateral Agreements
16:08
-
Tône 1 Commune Lays Groundwork for Decade-Long Waste Management Plan
16:00
-
France, Togo Launch CFA620M Local Governance Project
15:52
-
Togo Inflation Falls to 0.5% in November, Stays Below Regional Cap
15:39
-
EBID, Colombia Sign Cooperation Agreement During Pan-African Congress
15:25
-
Côte d’Ivoire Plans Training, Internship Placements For 152,000+ Youth In 2026
14:55
-
With AI, Hassan Arslan Turns Meetings Into Verifiable Data
14:19
-
Algeria Launches Digital System to Overhaul Hospital Transfer Process
14:16
-
Mauritius to Apply 15% VAT on Foreign Digital Services From 2026
14:12
Omer-Decugis & Cie acquired 100% of Côte d’Ivoire–based Vergers du Bandama. Vergers du Band...
Eritrea faces some of the Horn of Africa’s deepest infrastructure and climate-resilience gaps, lim...
Huaxin's $100M Balaka plant localizes clinker production, saving Malawi $50M yearly in f...
Nigeria seeks Boeing-Cranfield partnership to build national aircraft MRO centre Project aims t...
Benin says a coup attempt was foiled, crediting an army that “refused to betray its oath.” ...
BNP Paribas entered exclusive preliminary talks with Holmarcom to sell its 67% stake in BMCI. Holmarcom already owns 2.41% of BMCI and acquired...
Burkina Faso and Morocco signed 12 legal instruments during the fifth session of their Joint Cooperation Commission. The agreements span key...
Côte d’Ivoire launches fourth PNSAR to boost youth employability Programme targets 152,237 youths with $47 million budget Internships,...
Mauritius will require foreign digital service providers to charge and remit 15% VAT from 1 January 2026. Companies earning more than MUR 3...
Cameroon’s REPACI film festival returns Dec. 11-13 with 135 short films Events include screenings, masterclasses, panels on social cinema and...
Cidade Velha, formerly known as Ribeira Grande, holds a distinctive place in the history of Cape Verde and, more broadly, in the history of the Atlantic...