Togo: 114 billion FCFA is the extractive sector’s turnover in 2021
The Togolese extractive sector will produce more than 114 billion FCFA in 2021. These figures come from a report entitled "Togo EITI Anti-Corruption Report" published by the Extractive Industries Transparency Initiative (EITI) in December 2023. The report gives details of the quantity and value of each resource extracted in 2021 compared with 2020.Data from the reports and work of...
Crisis at the Houndé Gold mine: Bobo-Dioulasso labour court orders eviction of protesters from the site
Since Sunday 21 January 2024, workers at the Houndé Gold mine have been staging a strike that has brought operations to a standstill. The protest was joined by workers from subcontracting companies. Several negotiations have been held, but the demonstrators are sticking to their demands, the main ones being the dismissal of General Manager Adama Savadogo and 8 others.Houndé...
Exports: Switzerland is the leading destination for Senegalese gold, accounting for 70.64% of production
According to the 2022 report of the Extractive Industries Transparency Initiative (EITI) of Senegal (EITI-Senegal), 14.92 tonnes of gold were exported in 2022. Of these exports, Switzerland is the leading destination country in terms of tonnage, with 10.54 tonnes in 2022.The 2022 report of the Extractive Industries Transparency Initiative (EITI) of Senegal (EITI-Senegal) names 03 main recipients of Senegalese...
Mining Indaba 2024 explores the just energy transition and asks – What does it mean to be just?
The global energy transition is driving huge growth in the demand for critical minerals, which are found in abundance on the African continent. Mining Indaba’s Sustainability Series will ask what it means to be just in a panel session discussion titled ‘The Energy Transition: What does it mean to be just?’ on Tuesday 6 February at 10:55.The discussion will centre around...
Democratic Republic of Congo: 02 months’ unpaid salaries for EITI Technical Secretariat staff
ASADHO explains this situation by the failure of the Ministry of Finance to release the funds earmarked for the EITI in November and December 2023.For this reason, the Association noted the government's lack of interest in implementing the EITI. It points out that since 2012, the EITI-DRC Executive Committee and Technical Secretariat have received 60 million FCFA for the...
Construction of the Kiaka mine: First ingot in 2025
Kiaka will be a long-term, low-cost mineIt will produce an average of 6.8 tonnes of gold per year for 18.5 yearsAverage production cost of 1,052 dollars per ounceCommunity resettlement buildings are being constructed by national companiesOn 25 January 2024, West African Resources Limited (WAF) presented the 2023 activity report for Kiaka, its mine under construction in the Zoundwéogo (Manga)...
SOMISA mine: 7,055 tonnes produced in 2023 with production costs of 1,126 dollars per ounce of gold
On 25 January 2024, West African Resources Limited (WAF) presented the 2023 activity report for its mine, Sanbrado Mining Company (Société des Mines de Sanbrado - SOMISA). The presentation showed that in 2023, the company did not record any significant social, health or safety incidents. The 5 million hours worked in 2023 did not involve any work-related accidents.In 2023,...
Revolving fund to support the mining artisanal sector: COEXAMINE Burkina receives 26 million FCFA in funding
The Burkina Mining Cooperative (Coopérative des Exploitants miniers du Burkina - COEXAMINE Burkina), located in the South-West region, has received 26.339 million FCFA from the revolving fund supporting the mining artisanal sector. The symbolic handover of the cheque took place on Thursday 25 January 2024 during the signing of the protocol for the financing of the revolving fund to...
PlanetGold Burkina and Coris Bank: 250 million FCFA fund set up for artisanal miners
250 million FCFA is the amount of the guarantee fund set up by the PlanetGold Burkina project and Coris Bank International SA for the mining industry in Burkina Faso. The fund will support players in the sector in acquiring equipment to help them increase their output. The official ceremony to launch the fund's activities took place on Thursday 25...
Fine coal trial: The court declares that the public prosecution has been terminated due to a settlement
After almost 5 years of waiting, the fine coal trial came to an end on Thursday 25 January 2024. The court dismissed the proceedings on the grounds of settlement. The defendants were acquitted in accordance with the prosecutor's requisition.The proceedings against Essakane, Bolloré now African Global Logistic (AGL) and the other defendants have been dropped. This is what the...
