Mereja.Forum

[Fiyameta]

Burkina Faso tells Australian miner it wants 40% stake in gold mine after company projects up to 490,000 ounces in 2026



Australian gold producer West African Resources Limited suspended trading in its shares on the Australian Securities Exchange on Friday, as investors weighed a government move in Burkina Faso that could significantly reshape ownership of one of West Africa’s largest gold projects.

The trading halt, requested by the company, will remain in place until the earlier of a market update or April 21, 2026, as it prepares to respond to a decree by the government of Burkina Faso that could lift the state’s stake in the Kiaka gold mine to 40%.

Burkina Faso’s move follows a recent decision, under a military-led government headed by Captain Ibrahim Traoré, to expand state control over the mining sector through a decree adopted by the Council of Ministers, in line with mining legislation introduced in 2024.

The proposed 40% stake builds on signals since August 2025 that the government intends to raise its interest in the Kiaka gold mine to as much as 50%, after increasing its holding from 10% to 15% at no cost.

At the time, West African Resources Limited had valued a 5% stake increase at $33.4 million.

The Kiaka gold mine, located in the Centre-Est region and covering about 54 square kilometres, began production in June 2025 and is currently 85% owned by the Australian miner, with the state holding the remaining 15%.

Following the latest demand, West African Resources Limited said the trading halt was necessary to “ensure orderly trading and an informed market” as it prepares further disclosures.

The miner’s outlook remains closely tied to global gold prices, which have been supported by inflation and geopolitical tensions, although higher interest rates and a stronger U.S. dollar continue to weigh on sentiment.



Business Insider Africa earlier reported that the company is targeting 430,000 to 490,000 ounces of gold in 2026, driven by the first full year of output from Kiaka alongside its Sanbrado mine.

Kiaka alone is expected to produce between 240,000 and 280,000 ounces, cementing its role as a key contributor to Burkina Faso’s industrial gold output.

The company is targeting all-in sustaining costs below $1,900 per ounce, pointing to solid margins even amid price volatility.

Chief executive and chairman Richard Hyde described 2026 as a “landmark year”, with potential shareholder returns including dividends and a share buy-back under consideration.



https://africa.businessinsider.com/loca ... ny/e54m0hx

[sesame]

For decades, the standard share of Africans in their own mineral resouces was a puny 5-10%. Then a new African phenemenon called Shaebia came into the scene. It started to make hitherto unheard noises like self-reliance and keeping a significant share of their resouces. Mining companies could only own 50% out of which they had to pay taxes and other expences. In additon, the companies had to hire and train local personnel. Wealth transfer had to be compensated with knowledge transfer. The aid organization whose primary function is to keep Africans dependent forever were told to pack and go. The imperialists were not bemused by these upstart notions. They wanted to throtle these presumptuous ideologies of self-reliance and what is mine is mine from spreading. They needed a slave to do their job. And they found their slave in you know where!

[Dama]

For decades, the standard share of Africans in their own mineral resouces was a puny 5-10%. Then a new African phenemenon called Shaebia came into the scene. It started to make hitherto unheard noises like self-reliance and keeping a significant share of their resouces. Mining companies could only own 50% out of which they had to pay taxes and other expences. In additon, the companies had to hire and train local personnel. Wealth transfer had to be compensated with knowledge transfer. The aid organization whose primary function is to keep Africans dependent forever were told to pack and go. The imperialists were not bemused by these upstart notions. They wanted to throtle these presumptuous ideologies of self-reliance and what is mine is mine from spreading. They needed a slave to do their job. And they found their slave in you know where!

Sesame a business idiot. Don't invite foreign mining, in the first place. Do the mining yourself.
If you invited a foreign mining company to prospect, find the ores and do the mining at their own cost, for cintracted period of time, with income taxes levied on their profits, you should not violate the contract for the duration of the contract. Of course, the contract should make it open for anyone, including the government, to buy shares when the mining company advertises sale of specified shares.
One more thing: In the contract document, the government can demand a clause to increase income tax when the company's profits are increasing.
Get smart Sesame street!! Otherwise, you will definitely oporess and explot investor out of business. You will replay the story of Kenya's Safaricom in Ethiopia.

[sesame]

Doma.

You are not bright. That is why you fail to see the elementary reality that the reason African countries don't do their own mining themselves is because they don't have the knowhow and capital to do it. So, the question is what do you do if you have to outsource the job to foreign companies. You ensure two things: A good share of the profits and a rigid requirement of knowledge transfer so that eventually you do your own mining. That is precisely what Eritrea has done from day one. And that is why the imperialists wanted to kill the idea before it spreads across Africa!

Eritrea’s Mining Sector: Government Policy, Progress to-date & Future Prospects
General
Last updated Mar 26, 2025

For decades, the standard share of Africans in their own mineral resouces was a puny 5-10%. Then a new African phenemenon called Shaebia came into the scene. It started to make hitherto unheard noises like self-reliance and keeping a significant share of their resouces. Mining companies could only own 50% out of which they had to pay taxes and other expences. In additon, the companies had to hire and train local personnel. Wealth transfer had to be compensated with knowledge transfer. The aid organization whose primary function is to keep Africans dependent forever were told to pack and go. The imperialists were not bemused by these upstart notions. They wanted to throtle these presumptuous ideologies of self-reliance and what is mine is mine from spreading. They needed a slave to do their job. And they found their slave in you know where!

Sesame a business idiot. Don't invite foreign mining, in the first place. Do the mining yourself.
If you invited a foreign mining company to prospect, find the ores and do the mining at their own cost, for cintracted period of time, with income taxes levied on their profits, you should not violate the contract for the duration of the contract. Of course, the contract should make it open for anyone, including the government, to buy shares when the mining company advertises sale of specified shares.
One more thing: In the contract document, the government can demand a clause to increase income tax when the company's profits are increasing.
Get smart Sesame street!! Otherwise, you will definitely oporess and explot investor out of business. You will replay the story of Kenya's Safaricom in Ethiopia.

[Dama]

Doma.

You are not bright. That is why you fail to see the elementary reality that the reason African countries don't do their own mining themselves is because they don't have the knowhow and capital to do it. So, the question is what do you do if you have to outsource the job to foreign companies. You ensure two things: A good share of the profits and a rigid requirement of knowledge transfer so that eventually you do your own mining. That is precisely what Eritrea has done from day one. And that is why the imperialists wanted to kill the idea before it spreads across Africa!

Eritrea’s Mining Sector: Government Policy, Progress to-date & Future Prospects
General
Last updated Mar 26, 2025

For decades, the standard share of Africans in their own mineral resouces was a puny 5-10%. Then a new African phenemenon called Shaebia came into the scene. It started to make hitherto unheard noises like self-reliance and keeping a significant share of their resouces. Mining companies could only own 50% out of which they had to pay taxes and other expences. In additon, the companies had to hire and train local personnel. Wealth transfer had to be compensated with knowledge transfer. The aid organization whose primary function is to keep Africans dependent forever were told to pack and go. The imperialists were not bemused by these upstart notions. They wanted to throtle these presumptuous ideologies of self-reliance and what is mine is mine from spreading. They needed a slave to do their job. And they found their slave in you know where!

Sesame a business idiot. Don't invite foreign mining, in the first place. Do the mining yourself.
If you invited a foreign mining company to prospect, find the ores and do the mining at their own cost, for cintracted period of time, with income taxes levied on their profits, you should not violate the contract for the duration of the contract. Of course, the contract should make it open for anyone, including the government, to buy shares when the mining company advertises sale of specified shares.
One more thing: In the contract document, the government can demand a clause to increase income tax when the company's profits are increasing.
Get smart Sesame street!! Otherwise, you will definitely oporess and explot investor out of business. You will replay the story of Kenya's Safaricom in Ethiopia.

Business dedebit Sassy

If you have no knowhow, if you have no capital but you want the resources mined by someone who has the knowhow and the capital, you have limited power of negotiation. If they see no good amount of profit, if they see you will interfere in their operations, they will walk out during the contract negotians.

Smart governments of countries, provinces and municipalities of federations like Canada and US, give additional incentives to companies to come and invest such as tax incentives and free lands. They also allow, in a written contract, companies to expatriate their profits if they wish to do so but give them all kinds of incentives to expand within their jurisdictions without repatriating their profits.
Mexico liberalized its environmental and labor laws in order to attaract companies of the US and Canada including free lands for company shops and tax incentives.

[sesame]

Doma

They may have the knowhow and capital. But we have the resouces they need and want. We don't kowtow to them. We put the terms. All mining companies on Eritrea do what we tell them. It is not a charity they are doing. They do it for profit. We own 50%. Zambia on the other hands owns 10-20% of its rich copper mines. For over 50 years, foreign companies have exploited them. Zambia is today as impoverished as it was at independence.

[Dama]

Dedebit Sassy
Owning a 50% state in a business equals contributing 50% of the capital of the business by Eritrea or tge minerals in lie of invested money. Tge foteign investor has to pay interest of a specified percentage of the profit on its 50% share. No sane investor will go for such meagre profit if at all there would one.

If you are thinking in Eritrea international minining compnanies signed a landlord and peasant contract which alloes the lanlord(the Eritrean Gov) gets 50% the tenants produce, nnot likely to happen.

[sesame]

A most stupid analysis. What kind of an idiot thinks that an investor would reject 20% ownership and profits of a rich gold mine! Dombito, how much do you think a typical investor owns of a particular stock! But then again, what should we expect from anyone named Doma!

Dedebit Sassy
Owning a 50% state in a business equals contributing 50% of the capital of the business by Eritrea or tge minerals in lie of invested money. Tge foteign investor has to pay interest of a specified percentage of the profit on its 50% share. No sane investor will go for such meagre profit if at all there would one.

If you are thinking in Eritrea international minining compnanies signed a landlord and peasant contract which alloes the lanlord(the Eritrean Gov) gets 50% the tenants produce, nnot likely to happen.

[Odie]

Traore is anothe dictator to rule for 40 or 50 years if he can but doubt as his enemies will find a way to get him fall

The African soil is doomed and cursed to grow dictators only!

One man idea to lead a country for decades is not a blessed idea! If he goes nuts, of course the nation goes nuts too!

Africa has many case studies on that

[Dama]

A most stupid analysis. What kind of an idiot thinks that an investor would reject 20% ownership and profits of a rich gold mine! Dombito, how much do you think a typical investor owns of a particular stock! But then again, what should we expect from anyone named Doma!

Dedebit Sassy
Owning a 50% state in a business equals contributing 50% of the capital of the business by Eritrea or tge minerals in lie of invested money. Tge foteign investor has to pay interest of a specified percentage of the profit on its 50% share. No sane investor will go for such meagre profit if at all there would one.

If you are thinking in Eritrea international minining compnanies signed a landlord and peasant contract which alloes the lanlord(the Eritrean Gov) gets 50% the tenants produce, nnot likely to happen.

Dedebit Sassy

Why don't the Eritrean gov sell the mineral deposit, in the first place, because it has no knowhow nor the capital nor the equipment to mine it if it thinks it's losing if it doesn't bankrupt the mining foreign investor? Remember, the mineeral is only one of the five variables in the minining business: the marketing, the skill, the capital and equipment are provided by the mining investor: 20% share in the profit of the mines should be more than enough to Eritrea whose contribution is only permission to mine the mineral. They would be hiring local labor which is a new revenue soyrce for Eritrea, they would train them to acquire new skills at no cost to Eritrea which has a spin off effect inbtechnology.l; also they would build roads.

It should also allow the mining investor to repatriate its profits and expand somewhere else within Eritrea or for example Brazil.

Companies are business established to increasingly make profits year after year. Otherwise, they won't be slable to survive annual inflations, increasing labor and equipment costs, won't be able to buy new and improved equipment.

Your kind of mindset is obstacle to Eritrea's development of its economy. You got to be less selfish. You got to acknowledge the huge risks mining investors undertake with the hope of making money in the uncertain and voltile international precious minerals markets of speculations.

[Fiyameta]

Doing Mining Right In Africa



By Thomas C. Mountain
Countercurrents.org

The small east African country of Eritrea has started a mining
industry and is doing it right. To start with Eritrea is receiving 40%
of the profits generated by its first gold/copper mine.

Compare this to Tanzania where Anglo-American mining company operates
one of the worlds largest gold mines and pays a whopping 4% royalty to
the government.

40% vs. 4%?


When Eritrea won its independence on the battle field in 1991 there
was no national electric grid. Most of the people had no access to
clean drinking water, medical care or education for their children.
While major advances have been made in providing these basic human
rights to Eritrea's people much, much more needs to be done and
developing the mining industry is an immediate answer.

Today the Chinese are constructing a new mine, the Zara Gold mine, and
members of the Eritrean national service program are participating. I
know one of them, Tseggai Asmerom, who is a surveyor at the site and
in the national service program. Tseggai says the work is hard, the
sun is hot but he actually enjoys it and is proud of his contribution.
Of course he wishes his salary was larger, but that is another story.

Like I have said, Eritrea is doing mining right and the rest of Africa
would be well served to take notice. As for those outside maligning
our new industry, it would serve your readers well if you would do
your homework first and report reality on the ground here for a
change.

https://www.countercurrents.org/moountain081014.htm

[Fiyameta]

[Dama]

Doing Mining Right In Africa



By Thomas C. Mountain
Countercurrents.org

The small east African country of Eritrea has started a mining
industry and is doing it right. To start with Eritrea is receiving 40%
of the profits generated by its first gold/copper mine.

Compare this to Tanzania where Anglo-American mining company operates
one of the worlds largest gold mines and pays a whopping 4% royalty to
the government.

40% vs. 4%?


When Eritrea won its independence on the battle field in 1991 there
was no national electric grid. Most of the people had no access to
clean drinking water, medical care or education for their children.
While major advances have been made in providing these basic human
rights to Eritrea's people much, much more needs to be done and
developing the mining industry is an immediate answer.

Today the Chinese are constructing a new mine, the Zara Gold mine, and
members of the Eritrean national service program are participating. I
know one of them, Tseggai Asmerom, who is a surveyor at the site and
in the national service program. Tseggai says the work is hard, the
sun is hot but he actually enjoys it and is proud of his contribution.
Of course he wishes his salary was larger, but that is another story.

Like I have said, Eritrea is doing mining right and the rest of Africa
would be well served to take notice. As for those outside maligning
our new industry, it would serve your readers well if you would do
your homework first and report reality on the ground here for a
change.

https://www.countercurrents.org/moountain081014.htm

That is not capitalism by individual oenterpreneurs or corporations. Prices are determined by the market's supply snd demand.
It is the state governing and doing bisiness. Prices are fixed by the state rather than markets. It's mixed economy misapplied. The principle of mixed economy is supposed to do with most sensitive services to the people to be in control of gov such as healthcare, education, roads, railways, airports and seaports, prisons.
When gov comes down to retail businesses such as malls, reaestate, hotels, mining, fishing, export/import, enterpreneurship spirit of society is killed. No middleclass, no corporations. Such economies are least prodictive as we saw the Soviet's experience of unfulfilled needs of society. Follows exodus of population looking better opportunities elsewhere like in Uganda and Kenya or the violent SA.

[Fiyameta]

In 1987, Burkina Faso's President, Captain Thomas Sankara stood at the OAU summit in Addis Ababa and warned African leaders that, "Debt is Neo-colonialism," in no uncertain terms.

But most of the corrupt African leaders in attendance mocked his speech and called him "Shaebia."

30 years after Sankara's warnings, Ethiopia accumulated record levels of external debt, totaling $70 billion dollars, defaulted on its debt obligations, and became a tool for expanding Neo-Colonialism in Africa.

[Fiyameta]

[Fed_Up]

EU, USA, and any other Neocons goons!

የፈሩት ይደርሳል
የጠሉት ይወርሳል

ይሎችሆል እንዲህ ነው:: ናቅፋ ላይ የተጠነሰሰው አብዬት አፍሪካን ወደ የኤኮኖሚ እና እድገት ማማ ያደርሳል ስንል ያለምክንያት አይደለም:: ኤርትራ ዋጋ ከፍላበታለች ... አዎን! ይህምበታሪክ ጊዜውን ጠብቆ ይከተባል::

ቪቫ ቡርኪና ፋሶ!! ቪቫ ቶራኦሬ

[Meleket]

Pope criticizes colonization of Africa's minerals as he arrives in Equatorial Guinea
https://ca.finance.yahoo.com/news/pope- ... 13878.html

Pope decries exploitation in Angola’s diamond mining heartland
https://www.ucanews.com/amp/pope-decrie ... and/112921

Pope Leo XIV criticizes colonization of Africa's minerals as he arrives in Equatorial Guinea
Pope Leo XIV has denounced the “colonization” of minerals and the “lust for power” in Equatorial Guinea at the end of his four-nation African trip

By NICOLE WINFIELD - Associated Press Apr 21, 2026 Updated 3 hrs ago

Edgar Beltrán/The Pillar / CC BY-SA 4.0

MALABO, Equatorial Guinea (AP) — Pope Leo XIV arrived in Equatorial Guinea on Tuesday on the fourth and final leg of his Africa journey, and denounced the “colonization” of Africa's minerals and the “lust for power” in a country whose repressive leader has been in office since 1979.

Adoring crowds in the largely Catholic country lined the road from the airport into the administrative capital, Malabo, cheering the first pope to visit since St. John Paul II in 1982. Wearing his formal red mozzetta cape, Leo thrilled the flag-waving masses by arriving at the presidential palace in his open-sided popemobile.

“There is a lot of joy today because we waited 44 years for the pope to come,” said Diosdado Marques, a senior Catholic official in the country. “It’s a blessing for the country. We hope many things will change and we will deepen our faith.”

The former Spanish colony on Africa’s western coast is run by the continent's longest-serving president, Teodoro Obiang Nguema Mbasogo, who has been accused of widespread corruption and authoritarianism.

The pope notes a year since Francis' death
The discovery of offshore oil in the mid-1990s transformed Equatorial Guinea’s economy virtually overnight, with oil now accounting for almost half of its GDP and more than 90% of exports, according to the African Development Bank.

Yet more than half of the country’s nearly 2 million people live in poverty. And rights groups including Human Rights Watch — as well as court cases in France and Spain — have documented how revenues have enriched the ruling Obiang family rather than the broader population.

Leo, who arrived from Angola, met with Obiang at the presidential palace and then addressed government authorities, diplomats and civil service representatives. Noting that the encounter occurred on the first anniversary of Pope Francis’ death, Leo quoted the late pope in denouncing income inequalities that he said had been exacerbated by a global economy focused on the pursuit of profit at all cost.

“Such an economy kills,” Leo said. “In fact, it is even more evident today than in years past that the proliferation of armed conflicts is often driven by the colonization of oil and mineral deposits, occurring with no regard for international law or the self-determination of peoples.”

The Trump administration, which has announced plans to create a minerals trading bloc with its allies, has been racing to get access to Africa’s regions rich in critical minerals and to beat competition from China in a region where Beijing has long dominated.

Last year, as the administration emerged as a key broker for a peace deal to end the fighting in Congo’s mineral-rich but conflict-battered eastern region, it was also signing a partnership with Congo that would allow American companies access to those conflict minerals.

The U.S. is also investing funds in the Lobito Corridor, a major rail project that would facilitate export of minerals from regions in Zambia and Congo through Lobito in Angola. At the same time, the U.S. has backed a South Africa project aimed at extracting rare earth minerals from industrial waste.

Leo suggests Equatorial Guinea look to the ‘City of God’
The pope's meetings took place in the old presidential palace. The government has built a new capital on the mainland named Ciudad de la Paz, or City of Peace, but the transfer of government buildings is not complete.

Authorities have said the decision to build the new capital was strategic, given the potential for expansion of the city carved out of a tropical forest. But critics said the relocation would exacerbate inequalities and give further opportunities for the presidential circle to enrich themselves.

Leo referred to the new capital by citing the famous work of St. Augustine, “City of God,” in which the 5th-century philosopher interpreted humanity through two models: The “earthly city” where people live temporarily and the eternal “city of God,” characterized by God’s unconditional love and love of one another, especially the poor.

Leo didn't call out the corruption associated with the Obiang family or the criticism of the new capital. But he suggested Equatorial Guinea should look to the “City of God” as a model.

“The earthly city is centered upon the proud love of self, on the lust for power and worldly glory that leads to destruction,” he said. “It is essential to discern the difference between that which lasts and that which passes, remaining free from the pursuit of unjust wealth and the illusion of dominion.”

The pope plans to visit a prison
Equatorial Guinea is officially a secular country but about 75% of its population is Catholic, making it one of Africa's most Catholic countries.

Church leaders “are very much interconnected intrinsically with the government,” said Tutu Alicante, a U.S.-based activist who runs the EG Justice rights group. “Part of it is the fear the government has instilled in everyone, including the church, and part of it is the monetary gains that the church derives from this government.”

The Rev. Fortunatus Nwachukwu, No. 2 in the Vatican’s missionary evangelization office, said the Catholic Church is present in difficult civil spaces and knows how to operate in them to carry out its mission.

“Should the church go to war against the government? Surely no,” Nwachukwu said. “Should the church swallow everything as if it were normal? No. The church has to continue preaching justice, always in defense of life, human dignity and the common good.”

In addition to official corruption, the country’s government also faces accusations of harassment, arrest and intimidation of political opponents, critics and journalists.

Equatorial Guinea is also one of several African nations that have been paid millions of dollars in deals with the Trump administration to receive migrants deported from the U.S. to countries other than their own.

AP reporting shows that at least 29 such migrants with no ties to the country have been deported there. Some remain in detention in Malabo with restrictions on legal and medical support, while others have been forcibly returned to their countries where they face persecution.

Leo, who will visit a prison in the port city of Bata on Wednesday, has criticized the Trump administration’s overall migration deportation policy as “extremely disrespectful.”

https://www.actionnewsnow.com/news/pope ... e2603.html

[Fed_Up]

ዘመኑ የኢሳያስ እና የሚሊዬኖች ልጆቹ ነው:: ምድረ የኤሜራይት ገረድ ከሊቢያ እስከ ከሱዳን ... ከኬንያ እስከ ኦሮሚያ ጫፍ የተነጩ ነው



እንዲህ ነን እኛ


እየመጡ ነው እነ አጂሬ!!

የአልሙዬን እሙሙ የአብይን አጫጭር ጣቶች ለሙዚየምነት ስለምፈልጋቸው እንዳትነፍጉኝ አደራ!!