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 (DGD) – oversee the …
In addition to SGS QA/QC procedures, Savary Gold instituted its own QAQC program consisting of blind and random insertion of standard reference material (1 in 20 samples), field duplicates (3 in 100 samples) and blank samples (2 in 100 samples). Both Major Drilling Burkina Faso SA. and SGS Burkina Faso SA., are independent of Savary Gold.
Endeavour Mining and Lilium Gold have signed a settlement agreement with Burkina Faso for the divestment of the Boungou and Wahgnion mines.. Pursuant to the agreement, Lilium will transfer ownership of Boungou and Wahgnion mines to the State, with Endeavour receiving a $60 million cash consideration, including an upfront $15 million …
Burkina Faso is the fourth largest industrial gold producer in Africa and it has an equally large and thriving artisanal gold mining sector. The expansion of Burkina Faso's industrial and artisanal mining sector in recent years has led to a dramatic shift in the country's economy, which presents both opportunities and challenges, including environmental and human rights concerns.
History reveals that Africa was the main supplier of gold in Europe until the discovery of America in 1492 [18, 19], but West African countries such as Burkina Faso have experienced remarkable growth in the exploitation of mineral resources over the past ten years, [18, 20, 21]. As a result, Burkina Faso faces major governance challenges due to ...
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. ... s Sanbrado Gold Operations and will be a satellite mining operation providing 6.5 years of ore feed to the Sanbrado processing plant. ... based on a US$1,400/oz gold price and current drilling. The Mineral ...
With ambitions to elevate annual gold output in Burkina Faso to 185,000 ounces by 2026, up from the projected 125,000 ounces for the current year, Orezone Gold outlined an $80 million investment toward this objective. ... The expansion entails constructing a new processing plant with an annual capacity of 4.4 million tonnes. However, due to ...
The West and South-West of Burkina Faso have a long history of artisanal and small-scale gold mining (ASGM) (Kiétéga 1983; Werthmann 2007) but further expansion of ASGM dates from the 1980s.Currently, ASGM supports nearly 1.2 million people 1 in a country with a population of 19.7 million, hence it is a significant source of livelihood. 2 In the 1980s, …
Located in the Est region in south east Burkina Faso about 320 km east of Ouagadougou, the 773 km 2 Boungou project hosts four contiguous permits, namely Boungou, Dangou, Pambourou and Bossoari – collectively known as the Tapoa permit group. Boungou has a mineral reserve of 11.2 Mt grading at 4.11 g/t of gold for 1.5 Moz of contained gold.
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 Teranga Gold.
Equipment credit: this product enables miners in the processing chain to acquire mercury-free processing units for their gold operations. To complement this product offering, training curricula on mercury-free gold processing were also developed and training was provided at the project's pilot site in the southwest region (Dano).
"Burkinabe boys and are lured to the artisanal gold mines in the hopes of a better life, but find themselves stuck in a dead-end cycle of danger and despair. You cannot eliminate child labour in a community when the income of the family is so low," said Marc Rubin, UNICEF Burkina Faso Resident Representative.
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.
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. Home; ... Why Africa Should Think Twice Before Banning Critical Mineral Exports . February 13, 2024. De Beers Backs G7's Russian Diamond Ban ...