Gunmen attacked a convoy of Iamgold Corp vehicles travelling to the Essakane gold mine in Burkina Faso on Tuesday, wounding one police officer before being repelled by the convoy's security detail ...
En Français ci-dessous ----- The mining sector in Burkina Faso was previously mostly dominated by small–scale and artisanal endeavours. Small artisanal mining in Kalsaka started in the early 1980s and intensified after the 1984's drought when low harvests forced farmers to diversify their sources of revenues.It was then an activity …
Over the five years to 2022, production from Burkina Faso increased by a CAGR of 4% and is expected to drop by a CAGR of 4.79% between 2023 and 2027. GlobalData uses proprietary data and analytics to provide a complete picture of this market in its West Africa Gold Mining to 2030 report. Buy the report here.
The contract will enable Avesoro to significantly reduce its future mining costs at Youga gold mine. The announcement comes at a time of higher gold prices, which are forecast to stay strong ...
A gold mining boom in Burkina Faso over the last decade propelled Boukary Diallo from being a vendor on a market stall to running a meat business supplying a mine near Ouahigouya, his home town in ...
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 the ...
The Wahgnion gold project (formerly Banfora) is a fully permitted, high-grade open-pit gold project located in the southwestern part of Burkina Faso, West Africa. The mine was earlier owned by Gryphon Minerals, which was acquired by Teranga Gold in October 2016. Following the acquisition, ownership of the mine was transferred to …
While we do not find any effects related to the opening and expansion of industrial mines, we find a significant impact related to the rise of artisanal mines in Burkina Faso, which has resulted ...
Essakane Gold Mine, Burkina Faso. Overview Geology & Mineralization Mining & Processing Sustainable Mining. Ownership: 90% IAMGOLD, 10% Government of Burkina Faso. Location. The Essakane project is located in north-eastern Burkina Faso, West Africa. It straddles the boundary of the Oudalan and Seno provinces in the Sahel region …
A strong explosion near a gold mining site in southwestern Burkina Faso killed at least 63 people and injured more than 100 others Monday, the national broadcaster and witnesses reported.
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 ...
The government and analysts assert that militants are increasingly targeting gold-rich territory in Burkina Faso and the wider Sahel region, as mining is believed to be a main source of income for the Islamist insurgency. (Sources: MarketWatch, Financial Times) Attacks on the gold mining industry continued in the second half of 2021.
The gold production volume in 2020 is approximately 93.4 tons according to Gold mine production, Gold. 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 ...
A strong explosion near a gold mining site in southwestern Burkina Faso killed 59 people and injured more than 100 others Monday, the national broadcaster and witnesses reported.
The mining sector of the country is currently undergoing a big change as nearly 60 international companies are conducting various mining activities in Burkina Faso. Overview of Resources. 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.
In Burkina Faso, Lilium Mining, a company indirectly owned by Simon Tiemtoré, acquired two gold mines from Endeavour Mining in 2023. This year, …
Youga Gold Mine. The Youga gold mine is situated 180km south-east of Ouagadougou, the capital city of Burkina Faso. Initially owned by Endeavour Mining, the mine was sold to Avesoro Jersey (formerly MNG Gold) in February 2016. The mine was then acquired by Avesoro Resources in December 2017.
The Inata Gold Mine is 90% owned by Avocet and 10% owned by the Government of Burkina Faso. The mining code of Burkina Faso entitles the state to a 10% ownership of a mining operation on a free carry basis. Avocet acquired its interest in Inata through its acquisition of Wega Mining in June 2009. The mine was …
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 …
At least 37 people have been killed and 60 wounded in an attack on a mining company convoy in Burkina Faso, authorities say. Five buses carrying staff of Canadian firm Semafo were ambushed on ...
The Lafigué mine poured first gold at the end of Q2 2024 and is Endeavour's newest cornerstone mine. The goal at Lafigué is to produce over 200koz per year at an industry …
The new "sovereignty"-focused measures of Burkina Faso's mining code will not be enough to offset the country's sluggish gold output (AI, 21/06/24).A …
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 …
This month, Russian fighters - formerly Wagner mercenaries - took control of Mali's Intahaka gold mine, close to the border with Burkina Faso. The artisanal mine, the largest in northern Mali, had ...
The Lafigué mine poured first gold at the end of Q2 2024 and is Endeavour's newest cornerstone mine. The goal at Lafigué is to produce over 200koz per year at an industry leading all-in sustaining cost of approximately $900/oz for at least 13 years. ... Houndé, Burkina Faso Built in 2017 Built by Endeavour. Boungou, Burkina Faso Built in ...
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 increase the sector's …
Gold pours from a crucible at the Taparko gold mine site in northern Burkina Faso, on March 12, 2009 [Katrina Manson/Reuters] Published On 21 Dec 2022 21 Dec 2022.
…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 …
AUTHOR: Mining Review Africa's senior deputy editor, Chantelle Kotze. Commissioning of the Boungou processing plant is well under way, with 57% completed by the end of April. This article first …
Burkina Faso is home to some major gold mines run by international companies, but also has hundreds of smaller, informal sites that operate without oversight or regulation. Accidents are frequent ...
Some of the Australian companies that mine for gold in Burkina Faso include Middle Island Resources Limited and the Carbine Resources Limited. The Burkinabe government has granted the Volta Resources company the right to prospect for gold in several regions of the country. Gold mining in Burkina Faso faces several …
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 …
(Ecofin Agency) - Burkina Faso is set to have a new active gold mine next year, the Kiaka mine. The project's owner, West African Resources, recently upscaled its expected output for the mine. A new gold mine in Burkina Faso, with an annual production capacity of 234,000 ounces, will start operations in the third quarter of 2025.
Satellite view of the Youga gold mine, in southeastern Burkina Faso. (Credit: Google Earth) "About a hundred locals went to the mine armed with pickaxes and shovels" Issouf G, an employee at the mine, witnessed the attack. He shared his story with the France 24 Observers under condition of anonymity as he is afraid of repercussions …
OUAGADOUGOU — Unidentified gunmen killed six people and wounded two others in an attack on a convoy from the Boungou gold mine in eastern Burkina Faso, the army said Saturday.
The mine was sold in March by the Canadian company Endeavour Mining to the Burkinabe consortium Néré Mining for $25 million. In 2021, it produced 88,000 ounces of gold.
A new gold mine in Burkina Faso, with an annual production capacity of 234,000 ounces, will start operations in the third quarter of 2025. West African …
Burkina Faso did not award a mining permit to Nordgold because it is a Russian company, its mines minister told Reuters on Sunday, rebuffing Western concerns that the ruling junta is seeking ...