- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Burkina Faso’s New Government Planning Review of Mining Contracts
Reuters reported that the transitional government in Burkina Faso plans to review mining contracts signed by the former president. The move comes in response to concerns that “some were agreed in opaque conditions.”
Reuters reported that the transitional government in Burkina Faso plans to review mining contracts signed by the former president. The move comes in response to concerns that “some were agreed in opaque conditions.”
The review could impact gold companies operating in the country, including Roxgold Inc. (TSXV:ROG) and TrueGold Mining Inc. (TSXV:TGM).
As quoted in the market news:
The interim government’s decision follows similar reviews carried out by other African countries over the past decade after civil war or regime change — most notably in Democratic Republic of Congo and Guinea.
Both conducted reviews aimed at cancelling or improving mining deals deemed unfavourable to state interests. Other mineral-rich African countries, frustrated with lack of progress, have also cracked down on unused concessions.
‘It’s a sector that has not always been transparent. I can assure you that concerning permits, we will revisit the contracts,’ [new mines minister Colonel Boubacar Ba], a member of a cabinet appointed on Sunday, told Reuters in an interview.
‘I have heard that there are people who have, on their own, 50 to 60 permits that they are not exploiting. Often they resell them. We will put an end to that,’ he said on Wednesday.
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.