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Niger's military government nationalizes its only industrial gold mine, citing mismanagement by its Australian operator.
Niger's military government has nationalized the country's only industrial gold mine, Société des Mines du Liptako (SML), blaming its Australian operator, McKinel Resources Limited, for "serious breaches" and mismanagement.
The move aims to boost control over natural resources under the junta's vision for the country.
The mine faced economic issues like tax arrears and layoffs since McKinel took over in 2019.
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El gobierno militar de Níger nacionaliza su única mina de oro industrial, citando la mala gestión por parte de su operador australiano.