Endeavour Mining: Annual General Meeting of Shareholders on 11 May 2023
Endeavour Mining has published from London that it will hold its 2023 annual general meeting (AGM) of shareholders on 11 May 2023 at 3:00 GMT. The announcement dated 6 April 2023 advises that "a copy of the notice of the AGM, including the management information circular and form of proxy, has been posted or otherwise made available to shareholders...
IAMGOLD Essakane SA: Operational and financial results for the first trimester of 2023 soon to be known
In an announcement issued in Toronto, Canada on 11 April 2023, IAMGOLD Corporation, which operates the IAMGOLD Essakane SA mine in Burkina Faso, advises that it expects to release its first trimester 2023 operating and financial results after market hours on Thursday 11 May 2023. Senior management will hold a conference call to discuss operating and financial performance on...
Mining sector: Bagassi mine improves Fortuna’s results in the 1st trimester 2023
Fortuna announced on 12 April 2023, that it produced 94,110 ounces of gold in the first trimester of 2023.Fortuna operates four mines in Latin America and West Africa. In West Africa, it operates the Yaramoko mine (Rox Gold located in Bagassi) and soon Seguela in Côte d'Ivoire.Highlights:Gold and silver production on track to meet 2023 annual forecastGold production of...
Mining sector: the review of the law on gold marketing is underway
The Ministry of Energy, Mines and Quarries has begun the process of reviewing the law on the organisation of the commercialisation of gold and other precious substances in Burkina Faso. On 31 March 2023, a national workshop to validate the draft law on the organisation of the marketing of gold and other precious substances in Burkina Faso was organised...
Mining and Energy: Banks ready to finance projects inthe 2 sectors
On Monday 3 April 2023, the Minister of Energy, Mines and Quarries (MEMC), Simon-Pierre Boussim, received delegations from United Bank of Africa (UBA) and Ecobank. Long before these banks, it was the delegations of the African Development Bank (ADB) and the West African Development Bank (WADB) that were received on Friday, 10 February 2023 in Ouagadougou. During the audience,...
The Metal Company uses a legal loophole to exploit the ocean
The American magazine Wired revealed in an investigation that a Canadian mining company was preparing to dig in the Pacific Ocean to manufacture batteries for electric cars. Although ocean mining is prohibited by international treaties, The Metal Company exploited a legal loophole to get involved in the project.Indeed, if a signatory state requests authorisation to exploit international waters, the...
Mining sector: Some manifestations of gender-based violence
Rare in industrial mines because of measures taken to avoid themCommon in artisanal mines: insults, degrading remarks, delayed wages, pornography, paid sex, etc.The main cause; drug useIn its study report on the diagnosis of violence and gender in mining in Burkina Faso, the Ministry of Energy, Mines and Quarries, through the National Agency for the Supervision of Artisanal and...
Mining sector in Burkina Faso: Understanding gender-based violence
The Ministry of Energy, Mines and Quarries has made public its study entitled Diagnosis of Gender-Based Violence in Mining in Burkina Faso. Published with the support of the Project to Support the Strengthening of Land and Mining Management (PARGFM), the report analyses gender-based violence (GBV) in mines. In its first part, it explains the main concepts necessary to better...
Mining sector: 23 pits in actual operation, 11 shut down (2020)
Significant potential, but not sufficiently exploitedRocks, minerals and building materials identified8900 jobs createdInsufficiently exploited resourcesThe geological and mining potential of Burkina Faso's subsoil is quite significant and diversified. However, the quarrying sector seems to be little known and yet provides employment and wealth. These minerals remain neglected in development approaches in most sub-Saharan countries and the sector remains dominated...
Gold traceability: where does the gold from our mines go?
450 tonnes of gold worth over 25 billion $Processed in 2020 by refineriesFour refineries account for 96 of the 142 business relationships identifiedThe need for transparency and traceabilityAccording to the new SWISSAID report published on 30 MarchIndustrial mines as well as buying counters trade gold with refineries in Dubai, Canada and other countries around the world. However, a culture...
