On 18 December 2017, Avocet Mining plc announced that it had entered into an agreement to sell all of its subsidiaries in Burkina Faso, including the Inata goldmine, together with certain receivables of the Company's group to the Balaji Group for a total consideration of USD 5 million (the "Sale").
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 …
A large industrial gold mine in Burkina Faso was attacked during the night and one soldier and one civilian were killed, an official at the mine said on Thursday when reached by telephone, but was ...
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 …
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 ...
Endeavour Mining and Lilium Mining have resolved legal dispute over gold mines in Africa. Burkina Faso government will pay Endeavour $60 million and a 3% royalty on gold production. Nationalization of the mines by Burkina Faso government signifies a trend of African governments asserting control over natural resources.
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 ...
08 Oct 2024 BY Guillaume P. Blanc New mining code enacted in Burkina Faso: major changes to reinforce local regulation, ownership and transformation . After …
High-grade gold mineralisation from recent resource definition diamond drilling has been reported by unhedged gold mining company West African Resources within the M1 South (M1S) Deeps resource ...
He added that all the gold mines in the country are in his plans and hinted on revoking mining permits of some multinational companies, allowing Burkina Faso to manage these resources directly. Traoré further highlighted the work of the Agency for the Promotion of Community Entrepreneurship, which has begun gold mining in the South …
FILE - An artisanal gold miner picks up a gold nugget at an unlicensed mine in Gaoua, Burkina Faso, Feb. 13, 2018. In recent weeks, mining companies in Burkina Faso have begun transporting local ...
BURKINA Faso plans to withdraw mining permits from some foreign companies and will seek to produce more of its own gold, said Reuters citing comments by the country's junta leader Ibrahim Traore on Saturday.. Traore did not specify which permits could be cancelled, the newswire said. Shares shares in West African Resources, which …
In Burkina Faso Nordgold already operates the Taparko mine, which was the first mine built in the country in 2007. The launch of Bissa makes Nordgold the first gold miner operating two mines in Burkina Faso. Bissa is situated in the rural commune of Sabce, 100 km north of the capital of Burkina Faso, Ouagadougou.
GOLD mining companies scrambled for answers today after Burkina Faso's military leader announced plans to withdraw some foreign mining permits and increase …
One Burkina Faso gendarme was killed and another seriously injured in an attack on a security post at the Inata gold mine in the north of the country overnight on October 3, according to reports. Unidentified assailants in at least two vehicles as well as on motorcycles attacked the mine over several hours and were eventually repelled ...
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. Richard Jansen van Vuuren. 12 July 2018
Due to insecurity, several gold mines have closed in Burkina Faso, causing production to drop. Most active mines in the country are controlled by foreign companies, mainly Canadian and Australian. Burkina Faso wants to take control of its gold mines. In a national radio broadcast, President Ibrahim Traoré criticized the...
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 …
(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.
Endeavour Mining is West Africa's leading gold producer, with a total output of 40 tonnes in 2022. Apart from Burkina Faso, it is also established in Ivory Coast, …
Karma Gold Mine. The Karma Gold Mine is an open-pit mine located 20km east of Ouahigouya and approximately 185km north-west of Ouagadougou, the capital of Burkina Faso. Mine Type. Open-pit. Location. 185km north-west of Ouagadougou, Burkina Faso. Producer of. Gold. Reserves. 33.2Mt. Construction …
Due to insecurity, several gold mines have closed in Burkina Faso, causing production to drop. Most active mines in the country are controlled by foreign …
The work stoppage at the Hounde mine in Burkina Faso has had "significant financial impacts" on the company, its employees and stakeholders, according to an internal memo sent to employees on ...
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 ...
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 ...
About 60 people were killed and dozens more wounded on Monday in an explosion at an informal gold mining site in southwest Burkina Faso, state television reported, citing local officials.
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 …
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 confidential …
Gold mining deposit report for "Deposit #Usgs10021364" (#USGS10021364) in Kadiogo, Burkina Faso. ... The Poura Gold Mine is situated in close proximity to the capital city of Ouagadougou in Burkina Faso. This mine holds considerable historical significance, as it has been a prominent site for gold mining operations in the region. ...
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 ...
Endeavour Mining
…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 …
