Burkina Faso: Coris Bank and Sprott Resource finance the construction of the Kiaka mine with 160 billion FCFA
The resources will be released in 2 tranchesCoris Bank has over 3.2 billion dollars in assets and branches in 09 countriesCoris Bank has already financed major mining projects in Burkina Faso, Côte d'Ivoire, Mali and Guinea.Sprott is headquartered in Toronto with offices in New York, Carlsbad and Vancouver.Kiaka is located in the commune of Gogo, not far from Manga.West...
Mali: 2% drop in gold production at the Loulo-Gounkoto mine in 2022
Around 150 billion FCFA to be paid in taxes by 2022Against 180 billion FCFA paid in 2021A decrease of 12.3% compared to 2021The Loulo-Gounkoto mine, a subsidiary of Canada's Barrick, is Mali's largest gold mine. In 2022, it produced 684,000 ounces of gold and paid 263 million dollars (around 150 billion FCFA) to the Malian government in taxes and...
Community health: SOMISA donates 300 mosquito nets to affected populations
As part of an awareness campaign against malaria15 beneficiary villages and farming hamletsHelping vulnerable people and internally displaced personsMalaria remains the number one reason for consultationsThe Sanbrado Mining Company (Société des Mines de Sanbrado, SOMISA SA) makes various donations to people living in mining areas. These donations are made as part of its Corporate Social Responsibility (CSR) policy.On 20...
Burkina Faso: People who are not entitled to a mining permit
Those in legal redress, liquidation or bankruptcyEmployees of the Mining AdministrationLocal and national elected representativesState officials (members of the government, presidents of institutions)Any natural or legal person wishing to engage in mining is required to first obtain either a mining title or an authorisation issued under the conditions set out in the Mining Code. This is specified in Article...
Burkina Faso: The Taparko mine presents its reopening plan to the Minister of Mines
A delegation from Taparko Mine Company (Société Mine de Taparko, SOMITA) was received by the Minister of Energy, Mines and Quarries, Simon-Pierre Boussim, on 26 June 2023. The purpose of the meeting was to present the Minister with the plan to reopen the SOMITA mine.A delegation from Taparko Mine Company (SOMITA), led by its Managing Director, Oumar Barra, was...
Gabon: China Precision Investment presents its project for prospecting, mining and local processing of its mineral production
On Thursday 23 June, the Minister of Mines and Geology, Chen Sylvestre Mezui M'Obiang, received the Managing Director of China Precision Investment, Dr Donghu Liu. China Precision Investment took advantage of this meeting to present its ambitions in the Gabonese mining sector and to set out the contours of a future joint venture.The company's ambition is to "invest integrally"...
Green mining market: growing demand and future scope by 2032
A market worth 10.96 billion USD in 202227.76 billion USD by 2032Polaris Market Research has published a brand new report on green mining market share, size, trends, industry analysis report, by type (surface mining and underground mining); By technology; By region; Sector forecast, 2023-2032.According to the research report, the global green mining market was valued at 10.96 billion USD...
Artisanal mining: Eliminating the use of mercury in the supply chain
Through training for 150 artisanal minersIn mercury-free ore processing technologyWith the gravimetric gold extraction method as an alternativeOn Thursday 22 June 2023, the Ministry of Energy, Mines and Quarries, in partnership with New Applied Technologies (Nouvelles Technologies Appliquées, NTA) and the Artisanal Gold Council, officially launched the training of 150 artisanal miners in mercury-free ore processing technology in Ouagadougou....
Mining On Top Africa (MOTA) 2023: Investors in the African mining sector to discuss the challenges facing the sector
Around 300 participants expected in ParisNetworking and business opportunitiesThe 6th edition of Mining On Top Africa (MOTA) will be held in Paris on 12 and 13 July 2023 at the Westin Paris Vendôme hotel. It will provide an opportunity for key European stakeholders to meet mining players operating in Africa, with a view to fostering sustainable partnerships.Around 300 participants...
Burkina Faso: What are the conditions for withdrawing a mining licence?
Withdrawal, without compensation, after 60 days' formal notice, which has remained unsuccessfulIf operations are suspended without authorisation for more than 2 yearsFor non-payment of duties and taxes under mining regulationsTransfer or transmission or any other unauthorised transactionSale or illicit transaction of mineral substancesThe Mining Code of Burkina Faso (Act 036-2015/CNT of 26 June 2015 on the Mining Code of...
