Endeavour Mining says Burkina Faso operations not hit by coup

Endeavour Mining on Monday said its operations in Burkina Faso have not been affected by the recent coup that forced out Lt Col Paul-Henri Damiba as leader.

“The company continues to monitor the situation and will provide further updates if appropriate,” Endeavour said in a brief statement.

Damiba, who was ousted in a coup on Friday, has formally agreed to step down, the BBC cited religious and community leaders as saying.

They said the country's new self-declared leader, Capt Ibrahim Traoré, had Damiba's resignation and conditions he had set.

The announcement followed attacks on French institutions, after it was reported that Lt Col Damiba was sheltering at a French military base.

It is the second coup this year. In both cases, the country's dire security situation and failure to deal with an Islamist insurgency were blamed for the takeovers.

Reporting by Frank Prenesti at Sharecast.com