BURKINA FASO AWARDS GOLD MINE PERMIT TO RUSSIA'S NORDGOLD. (PHOTO).

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 Burkina Faso awards gold mine permit to Russia's Nordgold Burkina Faso has granted an industrial mining licence to Russian miner Nordgold for a gold project, the West African government said, aiming to capitalise on record-high gold prices to strengthen an economy hit by insecurity. The move signals deepening economic ties between Russia and Burkina Faso, as the junta that seized power in 2022 continues its pivot away from traditional Western allies towards Moscow, Reuters reported. The Niou gold deposit, located in the Kourweogo province of Burkina's Plateau-Central region, covers 52.8 square kilometres (20.4 square miles) within the exploration licence area held by Jilbey Burkina, which is now owned by Nordgold. Nordgold already operates the Bissa and Bouly mines. The council of ministers said late Thursday that the Niou mine was expected to yield approximately 20.22 metric tons of gold over its eight-year lifetime. Jilbey Burkina will retain an 85% stake in the project, whi...

3 ILLEGAL PETROLEUM DEALERS IN EFCC CUSTODY. {PHOTOS}.

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     The Uyo Zonal office of the Economic and Financial Crimes Commission, EFCC, on Tuesday April 10, 2018, took over three suspects and a Dangote truck conveying illegaly refined petroleum product suspected to be crude oil.
They were arrested by men of the 2nd Brigade, Nigerian Army, Uyo, Akwa Ibom state. The suspects who were arrested at Abak Road checkpoint include Ibrahim Usman, Suleiman Mohammed and Suleiman Adams. They were arrested during a routine check, where it was discovered that rather than convey cement, the arrested Dangote Truck with Kano State registration number, KNC 145 XA, was conveying illegally refined petroleum product concealed in huge cellophane bags numbering about 190, one hundred and ninety. At the time of their arrest, the trio could not produce any licence that authorised them to deal in petroleum product, neither was there a waybill to cover the conveyance of the said product. The Commission has commenced further investigation into the matter and they would be arraigned as soon as investigation is concluded.More photos below.
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