Burkina Faso/Russia: Partnerships in the mining sector in sight
The Ambassador of the Russian Federation to Faso/Russia, Alexey Saltykov was received in audience on the evening of 10 January 2023 by the Minister of Energy, Mines and Quarries, Simon-Pierre Boussim. "The discussions focused on the state of bilateral cooperation, as well as the prospects for strengthening them", according to the Ministry's Communication and Press Relations Department in a...
The first gold bar of the company #Orezone_Bomboré_SA, the bar of hope
The gold mine at Bomboré, operated by Orezone Bomboré SA, poured its first gold bar (see picture). Orezone Bomboré SA started commercial production on 1 December 2022. This is a much-awaited ingot in the sense that it comes at a time when the sector is in crisis. Indeed, following the terrorist attacks, some mining sites have had to suspend...
Corporate Social Responsibility (CSR): “Voluntary initiatives of a company cannot replace its mandatory responsibilities” according to Dr. #Hervé_Lado
In a scientific publication, Dr Hervé Lado discusses the mandatory and voluntary social responsibilities of companies. Here are some extracts from the publication:"First of all, by comparing the Anglo-Saxon and European approaches to CSR, we will recall that even if the States are attached to a CSR/DD approach in the service of the development of their companies, the institutional...
Data management in the extractive industry under discussion
Objectives: to inform and create a framework for exchange between students and the world of entrepreneurshipDuring a public conferenceData management is crucial from exploration to closure through exploitationData is the foundation of any business. In the mining sector, it plays a role from the beginning of exploration through to mine closure, rehabilitation and exploitation. Aware of the importance of...
Sanbrado gold mine: high mineralisation of 2.98 grams per tonne encountered
The Australian company West African Resources Limited, which operates the Sanbrado mine, has announced good prospects. It has intercepted new zones of strong gold mineralisation not far from the mine. In a release issued on 10 January 2022, West African Resources announced "high grade gold mineralisation from ongoing diamond drilling at the MV3 East prospect, located 6km from our...
Orezone Bomboré: Strong gold production in the fourth quarter of 2022
That is 22,258 ounces, approximately 692.319 kilograms of gold (an ounce of gold at 31.104 grams)Of which 58.30% of the production in December 2022 aloneThe sale generated approximately 26.474 billion FCFA (the dollar at 610 FCFA)The average sale price was 1,760 US dollars per ounce of goldThe plant's 92% average recovery rate exceeded expectationsOrezone Bomboré reaches commercial production on...
Mining sector: Wagner’s untraceable licence
Did Burkina Faso award a mining licence to Wagner, a private Russian security group? This is what the President of Ghana, Nana Akufo-Addo, said on 14 December 2022 on the sidelines of the US-Africa summit, during a meeting with Antony Blinken, the head of US diplomacy. The President of Ghana went further. He elaborated on the reasons for the...
Mining titles: the Minister of Mines recommends renunciation instead of suspension
The Minister of Energy, Mines and Quarries, Jean Pierre Boussim, informs mining promoters who request the suspension of mining titles due to insecurity "that due to the absence of a legal basis in the matter, the said requests are classified without follow-up". This announcement was made in a release dated 22 December 2022. The same release specifies 'that the...
52 279 tonnes of gold produced between January and November 2022
Down by 8,762 tonnes, corresponding to a rate of 14.4% compared to 2021Gold production increased by 3.6% between October and November 2022In November 2022, the gold price fell by 5.2% compared to November 2021According to DGEP figuresBetween January and November 2022, gold production stood at 52.279 tonnes. This is a decrease compared to the same period last year when...
The mining company #SALMA_Mining SA presented to the Minister of Energy, Mines and Quarries, Simon-Pierre Boussim
SALMA mining SA is the first fully nationally funded independent mining company in Burkina Faso. On 4 January 2022, a delegation from SALMA mining SA, led by its Deputy Managing Director, Pascal Diendéré, presented the project to the Minister of Mines. The DGA also listed the difficulties encountered.According to a press release issued by the communication department of the...
