Mining sector: State assets of Tambao and Inata mines sold for 30 billion FCFA to Afro Turk
Of which 28 billion FCFAfor Tambao and 2 billion FCFAfor InataPending the granting of operating permitsThe construction of military bases in additionThe signing of the agreement took place on 25 April 2023 in OuagaThe Burkinabe government has sold the state assets of the Tambao manganese mine and the Inata gold mine to the Turkish company Afro Turk. The amount...
Financing the Sustainable Development Goals: Africa’s extractive sector is an option for African governments
Official development assistance has stagnated significantly since 2010 or even fallen to its lowest level, reaching 34 billion dollars in 2022 (OECD)Access to international capital markets is still quite restrictive and very costly due to a high risk perception by investorsThe continent is not short of optionsAbout 30% of all global mineral reserves are in Africa, including 60% of...
Cameroon: Sinosteel has started to extract iron at Lobé, near Kribi
With an estimated annual gain of 22.9 billion FCFAA sell-off according to expertsThis monday 17 April 2023 was an important date for the Chinese company Sinosteel based in Cameroon. Indeed, it proceeded to the extraction of the first samples of iron ore in Lobé, near Kribi. The ore was extracted at a depth of 150m.According to the information website...
Mine rehabilitation: Artificial intelligence as a solution
Eramet uses it in its mining operation in SenegalUsing imaging techniques to rehabilitate the environmentWith time and cost saving benefitsTechnology for use in insecure or hostile areasTechnology and artificial intelligence (AI) are becoming more and more important in the daily lives of people and especially companies. It is with a view to achieving better returns that some companies are...
121 Mining Investment London Conference to be held 9-10 May 2023
Several mining companies have announced their participation in the 121 Mining Investment London Conference, which is being held at etc.venues 133 Houndsditch in London, UK, from 9 to 10 May 2023.The 121 Mining Investment London conference will bring together 135 mining companies and over 500 investors. It is open only to mining company executives and investors in the sector....
Impact of insecurity: 11 mines closed versus 10 operating
10 operating mines2 under constructionOne pending permit3 free operating licencesThe security crisis in Burkina Faso is hampering the development of the mining sector. Indeed, 3 mining companies of the Avesoro group, namely Youga, Nétiana and the new Ouaré project, have been stopped since 30 January 2022. The Taparko mine has been shut down since 7 April 2022. This is...
Why do Burkina Faso mines prefer to refine their gold in Switzerland?
They prefer Swiss refineries affiliated to the London Bullion Market Association (LBMA)Rand Refinery in South Africa is the only African refinery to be a member of the LBMARefineries exist in Ghana, Mali, Rwanda, ZimbabweThe transitional government wants to create a refinery in Burkina FasoThe transition led by Captain Ibrahim Traoré has expressed its desire to set up a gold...
Burkina Faso: Reform of the legal and regulatory framework of the mining sector underway
The Ministry of Energy, Mines and Quarries has undertaken reforms of the legal and regulatory framework of the mining sector in Burkina Faso. For the first authorities of this ministry, the objective is to increase the impact of the Burkinabe mining sector on the national economy. These reforms aim to provide the country with appropriate legal instruments and to...
Bobo-Dioulasso to host Africa Green Week
Because there is still time to act, Africa Green Week invites you to Bobo Dioulasso from 27 to 30 September 2023 to talk about the environment, climate and sustainable agriculture.📌 ON THE PROGRAMME:Conferences, workshops and seminarsMeetings and networkingInnovation fairField visitsAnimation and film screeningLocal people, environmental experts and activists, farmers, media, NGOs and governments, make this event a springboard for...
International trade: At least 3 international companies refined gold in Burkina Faso between 2015 and 2023
This refers to gold produced by industrial mining companies142 business relationships between refineries and 125 gold mines in Africa between 2025 and 2023These refineries are located in South Africa, Canada, Switzerland, Dubai, China, etc.Metalor, Switzerland, receives most gold in Burkina FasoMKS PAMP refused to relieve its customersInformation published by SWISSAID on 30 March 2023 in a reportMining companies in...
