Burkina Faso mining stocks drop after presidential threat
Ibrahim Traoré, junta leader and president of Burkina Faso, declared in a Saturday radio address that he will withdraw certain foreign mining permits ・The move seeks to onshore more of the country’s gold production,
Gold miners assure compliance amid permit concerns in Burkina Faso
International gold miners, including Canada's Iamgold, Fortuna Silver Mines, London-listed Endeavour Mining, and Australia’s West African Resources, have stated they were unaware of any potential changes to their mining permits in Burkina Faso,
Fortuna Mining says Burkina Faso will not withdraw existing permits
Fortuna Mining said on Monday that the government of Burkina Faso does not plan to withdraw the Canadian company's existing mining permits in the country.
West African Resources says its mining permits in Burkina Faso not at risk
West African Resources has reassured shareholders its gold mining rights in Burkina Faso are not under threat, after the country’s military leader flagged a crackdown on foreign mining companies over the weekend.
Endeavour insists Burkina Faso still on side after president's remarks
Traore, who assumed leadership following a military coup in 2022 before announcing a five-year extension of the nation's promised transition to democracy in June this year, spoke Saturday on Radio Burkina "to commemorate two years of his presidency", Endeavour said.
Shares in Burkina Faso miners under pressure amid permit fears
BURKINA Faso plans to withdraw mining permits from some foreign companies and will seek to produce more of its own gold, said Reuters citing comments by the country’s junta leader Ibrahim Traore on Saturday.
Fortuna responds to recent media reports concerning Burkina Faso
On October 5, 2024, Burkina Faso’s President Ibrahim Traoré made public comments regarding mining companies operating in the country and the possible withdrawal of existing mining permits. Fortuna has sought clarification from the country’s Ministry of Mines on this point and has received confirmation that the government has no plans to withdraw existing mining permits which are in compliance with Burkina Faso’s laws.
Fortuna Mining says Burkina Faso government will not withdraw permits
Fortuna Mining (NYSE:FSM) finished -8.8% in Monday's trading after saying the government of Burkina Faso does not plan to withdraw the company's existing mining permits, following weekend comments by President Ibrahim Traoré that Burkina Faso would withdraw mining permits from some foreign companies and would try to produce more of its own gold.
African military ruler sets deadline to reclaim land from terrorists
Burkina Faso interim president has set a 2025 target to retake the remaining 30 of the country from rebel groups Read Full ...
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West African Resources confirms mining permits not in peril
WEST African Resources (WAF) said on Tuesday it had received assurance from the Burkina Faso government that its mining ...
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Burkinabè doctor sent to frontline after criticising President Traoré’s anti-terrorism efforts
The president reportedly responded to the criticism by saying, “Let him go and tackle terrorism since he knows better than the military. ” This incident follows President Traoré’s recent warning that ...
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Monsters of Rock: Rumble in the jungle bad news for West African Resources
West African Resources dives on mining licence revoke threat, BMI revises nickel price; Rio sets eyes on Arcadium.
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Endeavour Comments on Media Reports
London, 7 October 2024 – Endeavour Mining plc (LSE:EDV, TSX:EDV, OTCQX:EDVMF) (“Endeavour” or the “Company”) notes media reports following a radio interview with the President of Burkina Faso, ...