West African Resources: Presentation of Sanbrado and Kiaka reserves in Burkina Faso
Unhedged gold mining company West African Resources Limited today (April 5, 2023) provided an updated 10-year resource, reserve and production outlook for its Sanbrado gold operations and Kiaka project in Burkina Faso, with the following highlights:Successful exploration and targeted underground drilling in 2022 provides a solid 10-year production planMineral resources increased by 1.0 Moz to reach 12.6 Moz of...
Orezone Bomboré gold mine: strong gold production between January and March 2023
41,301 ounces of gold produced43,139 ounces of gold soldAverage selling price: 1,892 US$ per oz,Revenue generated: 81.6 million $ (49 billion FCFA)The mine went into production at the end of 2022Orezone Gold Corporation presented on 5 April 2023, the production results of its Bomboré gold mine during the first trimester of the year 2023.Gold production reached 41,301 ounces. Gold...
Sanbrado Mines: West African Resources publishes its 2022 Sustainability Report
West African Resources (WAF), which operates the Sanbrado Mining Company (SOMISA SA), has just published its Sustainability Report 2022. The content of the report is divided into two parts, namely the state of play 2022 and the outlook 2023.State of play 2022: operating despite insecurity and changes in government leadershipThe Sustainability Report 2022 reports on the company's progress during...
Merger between Glencore and Teck and simultaneous split into 2 companies specialising in base metals and coal
Glencore announced that it has proposed Teck Metals, a merger between the two companies, followed by a simultaneous demerger to create two separate companies in a statement issued on 3 April 2023. "The proposed transaction would create two stand-alone companies with much larger and more diversified asset portfolios than the proposed Teck Metals and Elk Valley resources," the statement said.The...
Industrial gold production: February 2023 was more favourable than January 2023 with 5.408 tonnes produced
During the month of February 2023, Burkina Faso recorded an industrial production of fine gold of 5.408 tonnes. This production is up by 48.3% compared to January 2023 (3.647 tonnes of gold produced), according to data from the report on the monitoring of economic and development indicators, published by the Directorate General of the Economy and Planning (DGEP). Production...
Raw materials trade: Report reveals non-disclosure of financial data by some extractive companies
"Very few companies publish information of public interest such as their annual turnover, the taxes they pay or their purchases from governments or public enterprises. One of the reasons given by companies for non-disclosure is that financial data of this kind is highly confidential and public disclosure could harm their competitiveness". This is one of the findings of the...
SOMISA mine trains local mining goods and services providers in Boudry
To give more opportunities to local companies and meet local content requirements Several modules developed during the trainingA training course that was appreciated by the participantsAs part of the implementation of local content, the Sanbrado Mining Company (SOMISA SA) organised a training session for suppliers of local goods and services in Boudry, its area of operation. The training took place...
Canada and CSR in Burkina Faso
This article was published in the RSE Mine Magazine issue N°04-05 Dec.2022 - Jan. 202 of the RSE Forum.The journal is available at this link: The new issue of RSE Mine Magazine is available | Mines Actu BurkinaHere is the articleIn April 2022, the Canadian government launched a new CSR strategy based on the concept of responsible business conduct...
Promoting Gender Equality in the Extractive Sector: Initiatives by EITI Member Countries
Including women in decision-making is essential to ensure that the extractive sector is managed in the interests of all citizens. On International Women's Rights Day earlier this month, we looked at some examples of how EITI countries are making progress in tackling gender inequality:Argentina: The national platform "Information System Open to the Community on Mining Activity" provides gender-disaggregated data...
Cobalt mining in the DRC: Glencore and China Molybdenum Company in pole position
According to Ecofin, the Democratic Republic of Congo, with its reputation as a geological scandal, accounts for about 70% of the world's cobalt supply. The country is home to the largest producers of the metal. Indeed, in 2022, the Swiss company Glencore produced 40,200 tonnes at its Katanga and Mutanda copper-cobalt mines. It is ahead of China Molybdenum Company...
