Burkina Faso: list of industrial mining permits valid on 31/12/2023
The Directorate General of Mining Cadastre - Burkina Faso has published the list of industrial mining permits valid on 31/12/2023.NB: PDF version available on www.ecadastreminier.bf#Mines_Actu_Burkina
Endeavour mining: Shareholders to share 180 billion FCFA for 2023
Over 33 tonnes of gold producedThe lowest production costs in its history, at 964 $/oz in 2023Houndé reaches record annual production in 2023Gold came in at 1,945 $/oz in Q4 and 1,919 $/oz for the financial year 2023Solid financial position with 455 billion FCFA in available cashThe increase in the royalty rate had no effect on the companyOutlook for...
Mining Indaba is honoured to announce that Zambia’s President Hakainde Hichilema will deliver a keynote address in 2024
Zambia’s President Hakainde Hichilema is set to deliver a keynote address at Investing in African Mining Indaba 2024, demonstrating his unwavering dedication to revitalising his country’s mining sector and delivering jobs and economic growth to the people of Zambia. This will be Hichilema’s second appearance at Mining Indaba as President, having delivered a keynote address in May 2022, shortly after...
Work stoppage at the Houndé Gold mine: demands include a 100% pay rise, 13th month and the departure of the CEO
A 100% pay rise for all employees, a 13th month's salary to reward workers' efforts, and the departure of the Managing Director and the Director of Human Resources are among the points on the platform of demands of the workers at the Houndé Gold mine. These demands were made public on Sunday 21 January 2024 during a strike that...
Copper market: A slight increase in the price per tonne in 2024
The copper market should fare better in 2024. According to a report published in mid-January by the research firm BMI (a subsidiary of Fitch Solutions), the price per tonne of copper is set to rise slightly in 2024.In 2024, a tonne of copper should trade at an average price of 8,800 dollars (over 5.3 million FCFA), according to BMI....
Niger: Fraudulent gold trading fuels terrorism
At an extraordinary meeting on Wednesday 17 January 2024, the national executive board of the Niger Anti-Corruption Association - local section of Transparency International (Association nigérienne de Lutte contre la Corruption - section locale de Transparency international - CEN/ANLC/TI-Niger) made revelations about cases of fraudulent marketing of gold following the "Niamey airport gold affair". According to CEN/ANLC/TI-Niger, the State...
Senegal: Transparency International on the trail of a 270 billion FCFA transaction
270 billion FCFA is the total amount of transactions between Barrick Gold and Sabodala Gold Operations (SGO) and the Senegalese state. The Forum Civil, the Senegalese section of Transparency International in Senegal, denounced the situation. In a press release issued on Friday 19 January 2024, the Forum questioned the legality of the transactions.Of the 270 billion FCFA, Barrick Gold...
Access to drinking water: IAMGOLD Essakane SA provides 200 million FCFA of water supply infrastructure to the Essakane village site
Access to drinking water is a major problem in the Sahel region in general and in the commune of Gorom-Gorom in particular. In order to alleviate this problem, the mining company IAMGOLD Essakane SA has donated a drinking water supply infrastructure to the village of Essakane site. The inauguration ceremony took place on Tuesday 16 January 2023.This simplified drinking...
Burkina Faso: Salma Mining presents its challenges to the Minister of Mines
The Minister for Energy, Mines and Quarries, Yacouba Zabré Gouba, received the Deputy Managing Director of Salma Mining, Pascal Diendéré, on Friday 19 January 2024. He came to tell the minister about the challenges facing his mining company.: "We presented the various aspects of Salma Mining and expressed our grievances. We expect the mining authorities to support us so...
Democratic Republic of Congo: 665,501 jobs created by the extractive sector between 2017 and 2021
Between 2017 and 2021, the extractive sector in the Democratic Republic of Congo (DRC) employed a total of 665,501 people, according to data from the National Employment Office (Office National de l'Emploi - ONEM) in the Extractive Industries Transparency Initiative (EITI-DRC) Report for 2020-2021. The detailed statistics show a large number of nationals employed in the sector.Of the 665,501...
