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Burkina Faso
Coup leader Damiba reassures Endeavour's local head over gold mines

Adama Soro, who has been running the activities of the Canadian group Endeavour Mining since January 2018 in Burkina Faso, met on 27 January with the junta's strongman Lieutenant-Colonel Paul-Henri Sandaogo Damiba who has been in power since 24 January. [...]

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New Karma gold mine owner Nere Mining already worried about its prospects

Nere Mining, which bought Burkina Faso's Karma gold mine from Endeavour Mining in March, recently told the authorities that it was worried about the security situation around the site. It is also in the middle of negotiations regarding the relocation of a cemetery on land where it intends to start mining shortly.

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Spotlight | Burkina Faso
Coup leaders leave mines untouched but rattle markets

In view of the widespread insecurity and anti-government protests, the mining sector had been preparing for months for a coup d'état such as the one that took place on 24 January in Burkina Faso. Although it has had only a slight impact on mining operations so far, the coup will make it more difficult to raise funds on foreign markets and will also slow down ongoing reforms.

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People in support of the coup that ousted President Kaboré in Ouagadougou, Burkina Faso, 25 January 2022.

Africa
Helin and Orano uranium sale probe speeds up with Paris searches

A lawyer who worked closely with wealth manager Helin International had his home and office searched last month in Paris. Investigators were looking for documents related, among other things, to companies registered by Hélin and used to channel proceeds of the loss-making 2011 sale of uranium from Niger by Orano (formerly Areva).

LogoSubscribers only Finance, Business 15.12.2021

Africa
Endeavour restructures shareholdings around UK and Cayman Islands

The London listing that Africa's largest gold producer is seeking shareholder approval for on 25 May will involve a new financial set-up. The group led by Sébastien de Montessus has already created a new holding company in London that is expected to absorb its current parent company in the Cayman Islands if the London listing goes ahead.

LogoSubscribers only Finance, Mining, Business 10.05.2021

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