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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.
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…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 …
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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 ...
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Nordgold's Burkina Faso exit plan takes shape. The Russian firm, faced with insecurity in Burkina Faso, Western sanctions hitting its gold exports, and deteriorating relations with the ruling junta, …
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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 ...
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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 …
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Endeavour Mining (TSX, LON: EDV) said Friday it had sold its 90% interest in the Boungou and Wahgnion gold mines in Burkina Faso for about $300 million, as part of its strategy to focus on higher ...
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As artisanal gold mining in Burkina Faso has increased in recent years, so have violent attacks by non-state armed groups. The assumption that there is a natural causal link between the two is, however, too simplistic. The escalating violence should rather be seen as a result of long-term trends, such as state disengagement, a growing dependence on …
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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. …
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Endeavour Achieves First Gold Pour at Lafigué Mine in Côte d'Ivoire. Read more . Project development. 30 May 2024. Endeavour Announces Wet Commissioning is Underway at Lafigué Project. Read more . Corporate. 30 May 2024. Endeavour Announces Results of Annual General Meeting.
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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 report produced in February by the ministry of mines, led by Yacouba Zabré Gouba, showed production is falling.In 2023, Burkina Faso produced 56.9 tonnes (t) of gold, …
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Along with Bissa-Bouly mines, Nordgold manages three other gold mining operations in Burkina Faso, the first being the Taparko mine. The Burkina Faso government ensures security for the sites, often holding protestors at bay or making arrests [10, 11]. Ronguen gold project, only 10km away from Bissa, was purchased by …
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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
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Endeavour Mining's operations in Burkina Faso are "unaffected by recent political events", the gold miner said on Monday after the West African nation's second of the year on Friday.
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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 ...
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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 ...
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Burkina Faso's Mining Minister Simon-Pierre Boussim poses for a photo, after speaking to Reuters, before the start of the 2023 Mining Indaba in Cape Town, South Africa, February 5, 2023.
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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 …
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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 …
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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.
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Burkina Faso has revised its mining code to enable it to take more in royalties in boom times after gold production fell. The West African nation increased the minimum royalty rate for spot price ...
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Informal mines in Burkina Faso, Mali and Niger produce between them some 50 tonnes of gold, worth $2 billion, a year, according to estimates by the Organisation for Economic …
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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 …
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Now the fourth largest gold producer in Africa, Burkina Faso is in the midst of a modern gold rush. With the precious metal present in every region of the country, the mining industry has steadily grown in Burkina Faso over the last decade, and the artisanal and small-scale mining (ASGM) sector has grown along with it.
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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, …
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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 …
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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.
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Attackers raided the Karma industrial gold mine in northern Burkina Faso in the early hours of Thursday morning, killing one soldier and one mine employee, the company said.
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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 …
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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 …
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