A Reuters analysis found many terrorist attacks in Burkina Faso happened within about 25 kilometers of artisanal mining areas. Along with new recruits, gold mines also supply groups with a ready source of …
The mine has been in operation for over a decade, producing +2.1Moz gold. The focus at Mana is to increase the mine life to more than 10 years, through the expansion of the …
Burkina Faso's mining sector is likely to play a key role in the country's economy in the near future with the gold mining industry all set to expand. This year, the country's mining sector will be able to …
The Kiaka Gold Project in Burkina Faso, developed by West African Resources, has received the first tranche of a $265 million loan and is on track for 2025 production. ... Gold mining has emerged as a key sector in Burkina Faso, with the country becoming Africa's fifth-largest gold producer in 2023, behind South Africa, Ghana, Mali, …
Purpose In Burkina Faso, gold ore is one of the main sources of income for an important part of the active population. Artisan gold miners use mercury in the extraction, a toxic metal whose human health risks are well known. The aim of the present study was to assess mercury exposure as well as to understand the exposure …
When TSX-listed SEMAFO poured first gold at its Boungou mine in Burkina Faso, the company added a second feather to its hat of operating mines, having successfully brought its Mana mine into operation in 2008. This is according to Engineering & Construction VP Sylvain Duchesne.
Burkina Faso has nationalised two gold mines for a sum of around 80 million dollars, ending a legal row between rival companies Endeavour and Lilium Mining. As part of the deal, the companies will ...
Orezone Gold Corporation (TSX: ORE OTCQX: ORZCF) is a West African gold producer engaged in mining, developing, and exploring its flagship Bomboré Gold Mine in Burkina Faso. The Bomboré mine achieved commercial production on its oxide operations on December 1, 2022, and is now focussed on its staged hard rock expansion that is …
The remaining 10% interest in Semafo Boungou SA is held by the State of Burkina Faso. 27 August 2024 – Endeavour Mining plc and Lilium Gold are pleased to announce that they have signed a settlement agreement, involving the State of Burkina Faso ("the State"), in respect of the divestment of the Boungou and Wahgnion mines.
Complete list of Burkina Faso mining companies as well as stock quotes and recent news. ... IAMGOLD Files Updated Technical Report for Essakane Gold Mine . November 24, 2023 ...
Burkina Faso, recognized as one of Africa's leading gold producers, hosts operations by several major international mining companies including Canada's Iamgold and Orezone, Australia's West African Resources, and West Africa's top gold producer, Endeavour Mining. As of December 31, 2022, six industrial mines in Burkina Faso …
The gold production volume in 2020 is approximately 93.4 tons according to Gold mine production, Gold.org. Currently, approximately $4.9 billion worth-gold produced in Burkina Faso annually makes mining a highly lucrative market, which has recently been attacked by jihadist and militant organizations seeking for the funds to finance their ...
Russia's gold mining firm Nordgold has closed its Taparko mine in Burkina Faso and declared force majeure over security concerns in the country, reported Reuters citing a company statement. Nordgold subsidiary Société des Mines de Taparko (SOMITA) director-general Alexander Hagan Mensa was cited by the news agency as saying that …
Burkina Faso's mining activities are governed by the 2015 Mining Code (Law n°036-2015/CNT) and associated decrees. Key authorities under the Ministry of Economy and Finance – including the General Tax Directorate (DGI), the General Treasury and Public Accounting Directorate (DGTCP) and the General Customs Directorate …
West African acquired 90% of the Kiaka Gold Project in Burkina Faso from B2 Gold Corp and partner GAMS-Mining F&I Ltd in November 2021. The remaining 10% interest is held by the Government of Burkina Faso. Kiaka is 45km south of West African's flagship Sanbrado Gold Operations in Burkina Faso and about 110km southeast of the capital …
Burkina Faso is one of Africa's biggest gold producers, with many mines run by international firms, as well as informal ones with little oversight or regulation.
The planetGOLD Burkina Faso project is working toward eliminating mercury in the ASGM sector by improving availability of mercury-free technologies, shortening the gold supply …
Gold is Burkina Faso's main export, accounting for 37% of total exports in 2020, and mining is a leading source of jobs. ... causing several mines to shut down and others to produce less.
(Ecofin Agency) - Driven by gold mining, Burkina Faso's mining sector accounts for 16% of GDP and 80% of exports, according to the latest EITI data. To …
Primary gold deposits in Burkina Faso occur in Paleoproterozoic Birimian belt formations (2.0 Ga). Mineralization was synchronous with regional metamorphism and deformation, and is either hosted ...
The government in Burkina Faso has granted a licence to a Russian mining company, Norgold, to operate a new gold mine.. The operating permit is for a period of four years in an area situated in ...
In 2017, Australian, British, Canadian, Russian and Turkish corporations were operating nine industrial gold mines in Burkina Faso. In 2019, fifteen gold mines …
Bachir Ismael Ouédraogo, Burkina Faso's minister of energy and mines, told CNN the country lost 20 tons of gold through informal mining and exports every year, worth roughly $1 billion on the ...
Artisanal gold mining (AGM) plays an important role in the economic development of Burkina Faso with over 2 million people directly or indirectly engaged in the activity in over 800 sites. This study explores the emergence of AGM and its environmental, social, and economic impacts in the Hounde district of Burkina Faso.
Burkina Faso Insecurity drives down gold production. The deteriorating security situation is taking a heavy toll on Burkina Faso's gold mining industry, the backbone of the country's economy. According to a confidential internal report from the Ministry of Mines, Burkinabe gold production has fallen by 10 tonnes in two years.
The government of Burkina Faso has passed a law that grants Canadian company Orezone Resources Inc's subsidiary Essakane SA an industrial mining permit for the Essakane gold mine project, a 1,200km² property 330km north-east of the West African republic's capital, Ouagadougou, on the Gorouol river in the Oudalan province.
…move seen as bold step towards resource sovereignty. Kaieteur News – Burkina Faso has struck a deal to nationalise two gold mines for about $80mn that London-listed Endeavour Mining agreed last year to sell to Lilium Mining for more than $300mn. Lilium will transfer ownership of Boungou and Wahgnion to the west African …
Burkina Faso's gold industry has already had a bad start to 2024, with one of the nation's biggest companies, Endevour Mining, hit hardest. In addition to the ousting of its global CEO following allegations of improper business conduct, a strike at its Hounde Gold mine, while resolved quickly, lead to a production shutdown.
Burkina Faso has been experiencing a mining boom since the early 2000s, mainly in gold but also in the zinc and manganese sectors. Today, the country is Africa's fifth-largest gold producer. In 2020, the Burkinabe mining sector underwent a significant reorganization, with Endeavour acquiring Canadian mining companies SEMAFO and Teranga.
The Taparko mine was Burkina Faso's first industrial gold mine, launching in 2005, according to Nordgold's website. It is in Namantenga province, approximately 200 kilometers (124.3 miles ...