West African Resources agrees to increase Burkina Faso's equity interest in projects to 15%
Australia-listed West African Resources, which owns and operates the Sanbrado, Kiaka and Toega projects in Burkina Faso, has agreed to increase the State's free-carried equity interest in the projects to 15%, from the 10% previously held by the State. This change is in line with the new Burkina Faso Mining Code, which was adopted in August 2024, and follows extensive discussions between the company and the country's Ministry of Mines, the Burkina Faso Chamber of Mines and other mining industry stakeholders.
Australia-listed West African Resources, which owns and operates the Sanbrado, Kiaka and Toega projects in Burkina Faso, has agreed to increase the State's free-carried equity interest in the projects to 15%, from the 10% previously held by the State. This change is in line with the new Burkina Faso Mining Code, which was adopted in August 2024, and follows extensive discussions between the company and the country's Ministry of Mines, the Burkina Faso Chamber of Mines and other mining industry stakeholders.
