Burkina Faso nationalises two gold mines, ending legal dispute between rival companies

Until Tuesday 27th August 2024, the Boungou and Wahgnion gold mines in Burkina Faso were owned by an African mining company. However Ouagadougou has agreed a deal to nationalise the mines for around $80 million.

Endeavour Mining, which agreed to sell Boungou and Wahgnion to Lilium last year for more than $300 million, had accused its rival of missing payments. Meanwhile Lilium argued that London-listed Endeavour had misrepresented and…