The 200kg of gold requisitioned from the Samafo mine is worth 7.275 billion FCFA
What is the value of the 200Kg of SEMAFO gold requisitioned by the Ministry of Mines?Industrial gold is sold in ounces of gold. An ounce of gold is equivalent to 31.1053 grams (stock exchange zone),The 200 kg converted into grams gives 200,000 grams,200,000 grams = 6430.14 ounces,considering the ounce of gold at 1836 US dollars (stock exchange zone),gold has...
Who exploits Burkina Faso’s gold?
Does France exploit gold in Burkina Faso? To date, the industrial gold mining companies in Burkina Faso are Canadian, Russian and Australian (although they are controlled by interests of other nationalities). Other British, Indian, Ghanaian, Romanian, etc., companies have also been involved in mining. Which Canadian, Russian, and Australian companies are currently present in the country? How many tonnes...
The Ministry of Mines requisitioned 200 Kg of gold from the mining company SEMAFO
The transitional government of Burkina Faso has requisitioned 200 kg of gold produced by the company SEMAFO Burkina SA. The information was made public in an order issued by the Minister of Energy, Mines, and Quarries, Simon Pierre Boussim, on 14 February 2023. According to the terms of the decree, which is widely shared in the mining community and...
Burkina Faso: Independent Administrator and Focal Points agree on the preparation of the EITI 2021 Report
The Steering Committee of the Extractive Industries Transparency Initiative in Burkina Faso (EITI-BF) is organising a training workshop on filling in reporting forms to benefit the focal points of the stakeholders in the EITI process from 7 to 8 February 2023 in Ziniaré. This capacity-building workshop is part of preparing the 2021 Extractive Sector Report, commonly known as the...
Extractive Industries Transparency Initiative (EITI): Togo temporarily suspended
The Extractive Industries Transparency Initiative (EITI) has suspended Togo since 1 January 2023. The main reason is the failure to publish the 2020 report on time, i.e. by 31 December 2022."Togo cannot claim an extension of the reporting deadline for the fiscal year from 1 January 2020 to 31 December 2020. The deadline for publication of the pending report...
Houndé: 10 dead following a landslide at an artisanal site
The artisanal gold mining site of Dohoun, near the town of Houndé, experienced a landslide on the night of 7 to 8 February 2023.To date, 10 gold miners have been killed. According to local sources, they were all from the village of Dohoun and also from Bouéré, located about ten kilometres from the town of Houndé.The causes of the...
Mining sector: Double withdrawal of the Inata mining permit
First withdrawal in October 2021 for the same reasonsA legal procedure had suspended the withdrawal decreeIs the transitional government ignoring this procedure?Inata owes 4.5 billion FCFA to the StateIt owes 7 billion FCFA to workers and 11 billion FCFA to EcobankOn 9 February 2023, the transitional government took the decision to withdraw the industrial exploitation permit for the large...
CBMGC hearing at the Ministry of Mines: The Minister of Mines appreciates this model of dialogue
Objective of the hearing, to present the structure to the MinisterTo present the recommendations of the public conference on securing minesOn Wednesday 01 February 2023, a delegation from the Burkinabe Mining, Geology and Quarry Council (CBMGC) was received in audience by the Minister of Energy, Mines and Quarries, Simon Pierre Boussim.The purpose of this visit was not only to...
Local content in the mining sector: Opportunities for local companies
It is governed by numerous provisionsIt is a source of many opportunities for national companies,Overcoming the difficulties of meeting the mine's norms and standardsWhat do we mean by local content? This expression refers to a set of measures and mechanisms put in place within the framework of mining conventions and contracts to compel companies to be more involved in...
The Minister received Essakane SOLAR and WEST AFRICAN RESSOURCES
The Minister of Energy, Mines and Quarries, Simon-Pierre BOUSSIM, received the General Manager of Essakane SOLAR, Dr Emma Marie Blanche KANTIONO, and a delegation from WEST AFRICAN RESSOURCES on Tuesday 31 January 2023 in Ouagadougou.First to be received, the General Manager of Essakane SOLAR, Dr Emma Marie Blanche KANTIONO came to present her structure to the Minister. Specialised in...
