From on August 26, 2024, the Burkinabe state is now the owner of two mining companies that Lilium mining and Endeavor mining. This information was confirmed by the Minister of Economy and Finance, Dr. Aboubakar Nacanabo, who signed agreements in Ouagadougou. According to the ministry’s press release, these agreements make it possible to stop the dispute between the two mining companies, regarding the business of the Boungou and Wahgnion mines, and for the Burkinabe State to receive these mines. For the minister, this is a move to consider. The Burkinabe state, he said, must pay 60 million dollars, as well as royalties on the production of 400 thousand ounces, or in total, about 90 million dollars to pay for the acquisition of Boungou and Wahgnion mines. It should be noted that the first signing of the agreement relates to three agreements, between Burkinabรจ State mining and Endeavor: royalty agreement, trade agreement and payment agreement. With the mining company Lilium mining and its partner Vista Bank, this includes the sale of shares and shares. Dr. Aboubakar Nacanabo assured workers at the two mines that the State will take every step to continue working, while maintaining jobs. He also indicated that the Burkinabe state will work to take advantage of other mines, to further strengthen its financial position and ensure that the mines will benefit the populations.
ACS
