Exploration: Fortuna encounters high grades at its Yaramoko mine in Burkina Faso and Séguéla mine in Côte d’Ivoire
Paul Weedon, Senior Vice President of Exploration at Fortuna Silver Mines Inc, has provided an update on the exploration programmes at the Séguéla mine in Côte d'Ivoire and the Yaramoko mine in Burkina Faso. The announcement was made in a press release dated 8 August 2023, published in Vancouver, Canada.For Paul Weedon, in the case of Côte d'Ivoire, drilling...
Mali: Major innovations in the new Mining Code
2 mining agreements, one for exploration (9 years) and one for exploitation (12 years)Taxation: takes account of work carried out by the State and exemptions for the exploration phaseThe Local Development Mining Fund, financed by 0.75% of the trimester turnover of mining companies.The energy and water infrastructure fund, financed by 20% of the proportional royalty and 1% of the...
KCC: between 90 and 200 million USD shortfall in mining royalty payments from 2019 to 2020
This article was published by the newspaper La Guardia Magazine in the Democratic Republic of Congo.Since 2018, the Mining Code of the Democratic Republic of Congo has set the mining royalty rate. It is 3.5% for metals and 10% for strategic minerals. This royalty is deducted from the total number of exports. However, there are sometimes inconsistencies between imports...
Artisanal gold mining: 5% of sites have authorisation
Approximately 30 of the more than 600 sites have operating permitsIllegal use of chemicals and explosivesA low contribution to the budget of the State and local authoritiesEntrepreneurial activities such as catering, trade, management of drinking establishments, etc.Artisanal gold mining is on the increase in Burkina Faso. Most of the sites are operated without authorisation. This type of mining is...
Artisanal gold mining: 632 deaths recorded between 2010 and 2023
Artisanal gold mining is characterised by a lack of reliable statistics on the number of sites, the number of operators, production, etc. Regarding the number of sites, according to 2018 data from the National Agency for the Supervision of Artisanal and Semi-Mechanised Mining (Agence nationale d’Encadrement des Exploitations minières artisanales et Semi-mécanisées - ANEEMAS), out of more than 800...
Mali: Revision of the Mining Code on Monday 7 August 2023 at the National Transitional Council
At least 30% free State participation in mining projectsFirst processing of certain minerals in the country requiredThe National Transitional Council (Conseil nationale de la Transition - CNT) will examine and adopt the new Mining Code tomorrow, Monday 7 August 2023. This is the culmination of one of Mali's major reforms. The last Code in force was that of 2019....
Artisanal mining: ANEMAS has trained 27,203 artisanal miners on various topics
In a bid to better regulate the artisanal mining sector in Burkina Faso, the Burkinabe government went through many stages between 1986 and 2015, when the National Agency for the Supervision of Artisanal and Semi-Mechanised Mining (l’Agence Nationale d’Encadrement des Exploitations Minières Artisanales et Semi-mécanisées - ANEEMAS) was created. From its creation until 2023, the agency has fought for...
Mine tailings management Glencore presents a compliance report
In 2020, the Global Tailings Review, composed of the International Council on Mining and Metals (ICMM), the United Nations Environment Programme (UNEP) and the Principles for Responsible Investment (PRI), published the new Global Industry Standard on Tailings Management (GISTM). Glencore participated in the development of GISTM as a member of ICMM.On 5 August 2020, all ICMM members, including Glencore,...
Cooperation: China to fund a laboratory project in the mining sector in Gabon
A delegation from the Gabonese Ministry of Mines visited China from 22 to 29 July 2023. During this mission, the delegation strengthened its cooperation with the People's Republic of China by signing an agreement to set up a joint laboratory in the mining sector.The Gabonese delegation was led by the Director of the Minister's Office, Eric Damien Biyoghe. They...
Burkina Faso: a user guide for the Local Development Mining Fund adopted
A workshop held on 01 August 2023 validated the user's guide, with the aim of establishing a common reference for the use of the resources of the Local Development Mining Fund (LDMF). The workshop was chaired by the Secretary General of the Ministry of Mines, Jean-Baptiste Kaboré.According to Djibril Zoungrana, Permanent Secretary of the National Mining Commission/ Local Development...
