https://www.miningweekly.com

Liquidator appointed for Trevali’s Perkoa mine

15th November 2022

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

Font size: - +

The Judicial Tribunal of Burkina Faso has granted an order to liquidate embattled Canadian firm Trevali Mining’s Nantou Mining subsidiary, handing over operational control of the Perkoa mine to a liquidator.

Nantou Mining’s liquidity position has deteriorated significantly in the months following the flooding event that occurred at the Perkoa mine on April 16.

Trevali said in October, when it applied for liquidation, that Nantou would be unable to restart operations at Perkoa or to effectively carry on its business or meet its obligations, owing to the substantial funding requirements required to carry out a restart of operations.

The Perkoa mine had been previously placed into care and maintenance to preserve the value of the mineral resource and mine assets and protect the environment in the mine’s vicinity, while Nantou Mining explored its available options, before ultimately determining that it was necessary to proceed with the application for liquidation.

Edited by Creamer Media Reporter

Comments

The functionality you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION