Mining

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.

On the same topic
Global battery storage capacity rose 40% year-on-year to 108 GW in 2025. Installed capacity expanded more than elevenfold compared with 2021...
IEA projects about two years for Middle East oil and gas production to return to pre-war levels. Oil flows through the Strait of Hormuz fall from over...
With Arise, Gagan Gupta has built a reputation in Africa for developing industrial platforms, notably in Benin and Togo. In recent years, the Indian...
State share to rise to 40% under Mining Code Move aims to boost control, revenues from gold sector Burkina Faso will pay 70 billion CFA francs...
Most Read
01

(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...

EBID makes giant strides for a green transition in west africa
02

Mahindra & Mahindra is considering a CKD assembly plant near Durban to strengthen its presence i...

Mahindra & Mahindra Eyes Major Shift to Full Vehicle Assembly in South Africa
03

Four major operators—Mauritel, Mattel, Rimatel, and Chinguitel—submitted a combined bid of ...

Mauritanian Telecom Operators Submit $27 Million Combined Bid for 5G Licenses
04

AFC disbursed €43 million for Côte d’Ivoire solar project Financing supports 66 MW pla...

AFC Backs First Green Project Finance Bond for 66MW Côte d’Ivoire Solar Plant
05

Operators review 2025 investments, outline 2026 expansion plans Consumer complaints persist...

Cameroon Presses Telecom Operators on Service Quality as Complaints Rise
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.