Anonymous ID: c001e5 Aug. 30, 2024, 2:05 p.m. No.21508785   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun

S p r i n t e r

@SprinterFamily 2h

 

Burkina Faso nationalized two colonial gold mines.

 

Aug 30, 2024 ยท 6:03 PM UTC

https://twitter.com/SprinterFamily/status/1829580678893109687

 

This is what actually happened:

 

Two gold mines in Burkina Faso, Boungou and Wahgnion, were originally owned by Endeavour Mining, a publicly traded North American company. In 2023, Endeavour sold these mines to Lilium Mining, a company owned by West African entrepreneurs. However, after the sale, Lilium missed over $100 million in payments according to Endeavour, and Lilium claimed that Endeavour misrepresented the financial situation of the mines.

 

To resolve the dispute, the Burkina Faso government stepped in and reached a settlement. As part of the deal, the government took control of the mines from Lilium. In return, they agreed to compensate Endeavour with $60 million and a 3% royalty on gold produced at one of the mines, Wahgnion.

 

So the mines were taken from an African company by the Burkina Faso government. The government compensated the North American company who originally owned the mines and agreed to keep paying them forever.

Aug 29, 2024 ยท 10:32 PM UTC

https://twitter.com/Queens_NYC_1898/status/1829285933092684036

Anonymous ID: c001e5 Aug. 30, 2024, 2:20 p.m. No.21508868   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun

Andrew Leyden

@PenguinSix 7h

 

Today is the Friday before a holiday weekend. Expect a bunch of 'bad news' dumps from the government and corporations toward the end of the day.

 

Aug 30, 2024 ยท 1:45 PM UTC

https://twitter.com/PenguinSix/status/1829515758407397463

Anonymous ID: c001e5 Aug. 30, 2024, 2:36 p.m. No.21508962   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun   >>9089 >>9125

Reuters

@Reuters 59m

 

Seismic work to begin at gas fields shared by Trinidad and Venezuela, min says

 

reut.rs/4gkuKaz

 

Aug 30, 2024 ยท 8:35 PM UTC

https://twitter.com/Reuters/status/1829618876675412349

 

Drill baby drill!

Anonymous ID: c001e5 Aug. 30, 2024, 2:54 p.m. No.21509070   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun

Reuters

@Reuters 5h

 

South Africa's platinum mining industry in terminal decline, Northam CEO says

 

reut.rs/3Mq01Ld

 

Aug 30, 2024 ยท 4:25 PM UTC

https://twitter.com/Reuters/status/1829555961184301328

>>21509049

As we speakโ€ฆ