West African Resources: 32 billion FCFA in profits after tax in the first semester of 2023
Semester production: 3.515 tonnes of goldSales of 121.336 billion FCFAAverage selling price per ounce at 1,929 USDHowever, the average production cost of each ounce, 1,169 USDConstruction of Kiaka fully financedIn the first semester of 2023, West African Resources (WAF) produced 113,009 ounces of gold (approximately 3.515 tonnes of gold). WAF operates the SOMISA mine in Burkina Faso and is...
Mali: new mining code promulgated by President Goïta
On Monday 28 August 2023, the President of the Malian transition, Colonel Assimi Goïta, promulgated the new Malian Mining Code. The new code strengthens the interests of the Malian state.For months, some thirty experts worked on the project. It all started with an audit of the mining sector in Mali, with the aim of finding ways and means of...
DRC: Gold production up 11% in the first half of 2023
In the first half of 2023, gold production in the Democratic Republic of Congo (DRC) stood at 14.816 tonnes, compared with 13.336 tonnes in the first half of 2022. The Ministry of Mines, which published this information, notes an increase of 1.480 kg, or 11%. The statistics published on 28 August 2023 take into account production zones and types...
DRC: more than 3 million carats of diamonds produced in the first half of 2023.
The Ministry of Mines of the Democratic Republic of Congo (DRC) has released mining production statistics for the first half of 2023. The statistics concerning the diamond sector. The ministry notes that 3.841 million carats of diamonds were produced in the first half of 2023.During the period under review, the Democratic Republic of Congo (DRC) produced 3.841 million carats...
Justice: The appeal in the “ammonium nitrate” case is postponed until 25 September 2023
The appeal in the ammonium nitrate case is due to be heard on 28 August 2023. At the request of the defendant, Société Générale de Transit (SOGETRA), the trial has been adjourned to 25 September 2023 by the Ouagadougou Court of Appeal. This trial concerns a case in which customs service is claiming customs duties and fines.The long-awaited appeal...
Institutional reforms in the mining sector: From CBMP to SONASP via ANEEMAS
The government of Burkina Faso regularly carries out institutional reforms to monitor and supervise the mining sector. The artisanal sector has not been left behind. Several structures dedicated to the control and supervision of this sector have been created. From the Comptoir Burkinabé des Métaux Précieux (CBMP) to the Société Nationale des Substances Précieuses (SONASP) and the Agence Nationale...
Renewable energies: Better opportunities for Africa to achieve the Sustainable Development Goals
The continent should also control, exploit and transform its enormous mineral resources locally in order to generate the financial resources needed for its development, argued these experts from a dozen African countries. They are meeting on 23 and 24 August 2023 for a workshop organised by the African Development Bank on the theme of "Financial Modelling for the Extractive...
Côte d’Ivoire: Mako Gold Limited discovers a major manganese deposit
In a press release issued on 21 August 2023 by its mine management, the Ivorian-based Australian mining company Mako Gold Limited announced the discovery of a major manganese deposit in the north of Côte d'Ivoire.According to the press release quoting Mako Gold Limited's Managing Director, Peter Ledwidge, the discovery is the result of drilling at Ouangolodougou and confirms the...
Lithium mining in Mali: The government demands that the first processing take place locally
On 18 July 2023, the Malian government sent a letter to the Australian group Leo Lithium, which holds the Goulamina lithium mining licence. In its letter, the government demanded that the company first process the lithium before exporting it. Leo Lithium is in the process of building the mine at Goulamina in order to begin operations in July 2024....
Artisanal gold mining: CBPM collected more than a tonne of gold a year before it was disbanded
30.5 tonnes of fine gold from artisanal, industrial and semi-industrial miners between 1986 and 2005Present throughout the gold mining chain: from extraction to saleIts liquidation has disrupted the artisanal sectorHe took part in mining promotion events around the worldThe Artisanal Miners' Day (Journée de l’artisan minier - JAM 2023), held in Gaoua on 21 and 22 July 2023, was...
