A Paris court has dismissed a $2.2-billion claim against Burkina Faso lodged by Pan African Minerals Group over control of one of the world’s largest manganese mines, Burkina’s government said on Thursday. Romanian-Australian tycoon Frank Timis’ Pan African Burkina Limited (PAB) bought the rights to the Tambao mine, which it says holds 100-million tonnes of manganese reserves, in 2012. PAB says it has invested over $100 million developing the mine, but has been involved in a legal wrangle with the government over its permit.
