Burkina Faso completes the nationalisation of five gold assets

The state miner SOPAMIB took over the Wahgnion and Boungou gold mines and three exploration licences held by subsidiaries of Endeavour Mining and Lilium. A planned sale of the Endeavour assets to Lilium had stalled. Burkina Faso revised its mining code in 2024 to raise state control.

Why it matters. Resource nationalism in the Sahel shows why investors apply a higher discount rate to some countries.

Source

MINING.COM

In the course

Module 10: Risk and jurisdiction