Burkina Faso
Nordgold's Burkina Faso exit plan takes shape

Workers in front of a gold ore stockpile at the Taparko gold mine site, northern Burkina Faso, 11 March 2009.
Workers in front of a gold ore stockpile at the Taparko gold mine site, northern Burkina Faso, 11 March 2009. © Katrina Manson/Reuters
The Russian firm, faced with insecurity in Burkina Faso, Western sanctions hitting its gold exports, and deteriorating relations with the ruling junta, has found a buyer for its Taparko mine. The group is now looking for candidates for its Bissa and Yimiougou sites. [...]
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Burkina Faso
Under sanctions, Nordgold adjusts its strategy

Alexei Mordashov's company is stepping up its efforts at its Bissa Gold concession in the centre of Burkina Faso, which is less exposed to security risks. At the same time, the Russian firm is trying to persuade the ruling junta to allow it to settle some of its tax and royalty dues in gold and to lift a ban on exporting its output.

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