Burkina Faso will terminate a manganese mining contract with the company of Romanian-Australian tycoon Frank Timis, its mines minister said on Thursday.

“The state of Burkina Faso is going to terminate the contract with Timis Mining Corp,” Mines Minister Idani Oumarou said on state television.

“But it must send them a first notice of default. The contract will be terminated 90 days after the formal notice, which hasn’t yet been made,” he said.