Burkina Faso: A decree sets the quota of nationals to be recruited in the mines
At a meeting of the Council of Ministers on 6 October 2023, the Burkina Faso government adopted a decree setting job quotas and job nomenclature in the mining sector. The decree, which was signed on 6 October 2023, is designed to better regulate the sector, and failure to comply with its provisions will result in the payment of fines.What...
Ghana’s transition minerals: no time to lose
The Ghanaian government launched its energy transition framework in November 2022 at the COP27 climate conference in Egypt. The plan aims to guide the country's transition plans and map its resource needs for the next 50 years. With the expected decline in global oil demand, Ghana's oil revenues will soon begin to fall. This will have a direct impact...
New report highlights opportunities and challenges for involving communities in the transition to carbon neutrality
In an isolated, arid town at the northern tip of Colombia, onshore wind farms line the coastline. For the residents of the La Guajira region, the signs of the global energy transition are striking: beyond the wind turbines, cargo ships can be seen transporting coal from the nearby Cerrejón mine.The region is also home to the indigenous Wayúu people,...
Essakane mines: Drop in production due to fuel supply disruptions in the 3rd trimester of 2023
The financial and operating results for the third trimester 2023 of the Essakane mine were published today 10 November 2023 in Toronto by Iamgold Corporation.According to the press release, gold production in the third trimester of 2023 was 84,000 ounces, down 31,000 ounces or 27% on the second trimester of 2023. This decline was due firstly to lower grades...
Burkina Faso: Mines Minister Simon Pierre-Boussim visits Houndé Gold
The Houndé Gold mining company was visited on Thursday 9 November 2023 by the Minister of Energy, Mines and Quarries, Simon-Pierre Boussim, accompanied by his colleague in charge of security, Mahamadou Sana. The purpose of the visit was to take a closer look at working conditions at the mine.Hounde Gold Opération SA is a subsidiary of Canadian company Endeavour...
Digitalising freight transit: An educational conference looks at the challenges and opportunities
The aim of a conference held in Ouagadougou on Thursday 09 November 2023 was to equip economic players with the tools needed to digitalise goods traffic. Organised by the sixth group of students in the 3rd year of the Master's programme in Supply Chain and Purchasing Management, the conference brought together a wide range of people from the world...
Houndé gold mine : Lower production costs in the third trimester 2023
Gold production at the Houndé mine in Burkina Faso increased from 72,065 ounces (2.25 tonnes) in the second trimester 2023 to 109,381 ounces (3.40 tonnes) in the third trimester2023. This record production is due to the higher grades extracted and processed, which were partially offset by lower recovery rates. This information comes from a press release that Endeavour Mining,...
Endeavour Mining paid out 148 billion FCFA to its shareholders between January and September 2023
Endeavour Mining has distributed 240 million dollars (148 billion FCFA) to its shareholders since the start of 2023. This is according to the press release on operating and financial results for the third trimester of 2023. Endeavour operates the Houndé Gold and Semafo Mana mines in Burkina Faso. In the press release issued on 9 November 2023 in London,...
Suppliers of mining goods and services: Tripartite framework reviews 2022 general report
The 1st 2023 sessions of the tripartite framework between the State, mining companies and suppliers of mining goods and services took place on Wednesday 8 November 2023 in Ouagadougou. It was chaired by the Secretary General of the Ministry of Energy, Mines and Quarries, Mr Jean-Baptiste Kaboré. The aim of the meeting was to present the state of implementation...
Burkina Faso: The Yaramoko mine (Roxgold Bagassi) benefits from high grades and large areas of mineralisation
A grade of 7.72 grams per tonne in the third trimester of 2023An increase of 24% compared with the same period in 2022Production cost per ounce of gold: 752$Annual gold production forecasts revised upwards by 14The Yaramoko mine produced 34,036 ounces of gold in the third trimester of 2023 at an average grade of 7.72 grams per tonne, representing...
