Burkina Faso's gold industry is set to decline, says the CEO of West African Resources. Boukary Diallo has attributed the downfall to militant ... attacks that have intensified this year as well as Russia's Nordgold shutting the Taparko mine in April.
Seven existing debt facilities have been converted into a new loan and revolving credit facility for up to $306m. The transaction covers Grit’s assets and debt facilities in Mauritius, Mozambique, Zambia, Ghana and Senegal. The transaction is due to be finalised by the end of October.