Section snippets Gold mining in Burkina Faso. Several features of gold extraction in Burkina Faso make it the ideal candidate from which to assess the impact of artisanal versus industrial gold extraction. First, we describe why the interaction of the two main drivers of the recent gold rush, namely the gold price and gold reserve locations, …
(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.
Orezone Gold (TSX: ORE) announced Thursday that its Bomboré gold mine in Burkina Faso has now entered commercial production, having achieved 30 consecutive days of mill throughput …
Sanbrado gold project is a high-grade underground and open-pit operation located 90km east-southeast of Ouagadougou in Burkina Faso.
In October 2018, France scrambled two jets to strike militants attacking a gold mine in northern Burkina Faso. Earlier this year, Burkina Faso's government asked mining firms to help fund a ...
Essakane is a gold mine located in north-eastern Burkina Faso, near the border with Niger. It is owned by IAMGOLD (90%) and the government of Burkina Faso (10%), and has …
OUAGADOUGOU, Burkina Faso (AP) — 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 provisional toll was provided by regional authorities following the blast in the village of Gbomblora, RTB …
Burkina Faso accounts for 2% of global production, with the largest producers being China, Russia, Australia and Canada. Endeavour Mining is one of the …
Landlocked, Burkina Faso is wedged between Mali and Niger to the northwest and east, and borders Ghana on the north. Although large foreign countries had mined Burkina Faso gold for almost half a century, it wasn't until the famines of the 1980s forced families off their farms that artisanal or small-scale mining took root. Since then ...
The majority of Burkina Faso's population is engaged in agricultural activities, and the economy of the country is dependent on the revenues from gold and cotton exports. The GDP of Burkina Faso was $22.32 billion in 2011. The natural resources of Burkina Faso are limited and include gold, manganese, limestone, and …
Gold is Burkina Faso's main export, accounting for 37% of total exports in 2020, and mining is a leading source of jobs.
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 …
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 ...
Six mining companies closed down in 2022, while one more ceased activity last year. Output of the precious metal fell 1.5% to 57.3 tons in 2023, the Ministry of Mines, Quarries and Energy said.
West African Resources, listed on the ASX, is the developer and owner of the Sanbrado gold mine in south-central Burkina Faso in West Africa. Commissioned in …
UK-based Endeavour Mining has divested 90% stakes in its Boungou and Wahgnion mines in Burkina Faso to Lilium Capital's subsidiary Lilium Mining for more than $300m (£236.79m). The deal consideration comprises upfront and deferred cash considerations, as well as net smelter return royalties (NSR).
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 contribution to the economy, the government said it will build a refinery to process gold locally. Burkina Faso's President, Ibrahim Traoré, laid the...
Burkina Faso and the gold mining sector. Burkina Faso shows the typical features of a resource-rich, low-income country in sub-Saharan Africa (The World Bank, 2018). Although gradual urbanization is taking place, the majority of the people continue to live in rural areas where they make their livelihoods by small-scale farming and livestock ...
In Burkina Faso, artisanal mines are managed in public commons, while the production area of industrial mines is enclosed. The establishment of an industrial mine …
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.
Canada's Endeavour Mining (TSX:EDV), West Africa's top gold producer, has resumed operations at its Boungou mine in Burkina Faso, about a year after previous owner Semafo decided to shut it ...
Essakane Gold Mine in Oudalan, was the largest mine in Burkina Faso, producing approximately 15.87 million metric tons per annum (mmtpa) of Run-of-Mine (ROM) and primarily produced gold (465.33 thousand ounces) in 2021. The Essakane Gold Mine is owned by Government of Burkina Faso;Iamgold Corp, and is due to operate until 2027. …
Africa-focused Teranga Gold (TSX, ASX:TGZ) said Thursday its Banfora gold project in Burkina Faso, which would become its second West African gold mine, has the potential to boost the company's ...
As in Ghana and Mali, artisanal gold mining in Burkina Faso has old roots, with archeological evidence pointing to extraction as far back as the 15th century (Bohbot 2017). While the current boom is unprecedented globally, there have been other small rushes in recent history, such as one in 1984 driven
Avocet is a focused West African gold mining and exploration company with its primary operations in Burkina Faso and Guinea. The company is listed on the London Stock Exchange and the …
In Burkina Faso, the Mining Act (CNT, 2015) stipulates that 1% of mining companies' turnover must be devoted to local development efforts and 20% of State royalties must be allocated to the budgets of local authorities for industrial mining [9]. Although agriculture remains the main source of income in most African countries, …
The remaining 10% interest in Semafo Boungou SA is held by the State of Burkina Faso. On June 30, 2023, Endeavour Mining plc closed the sale of its 90% interests in its Boungou non-core mine in Burkina Faso to Lilium Mining, a subsidiary of Lilium Capital.
