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Topic - Burkina Faso
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Feb 11, 2016
From Ebola to Islamist insurgents to social unrest triggered by the global commodity downturn, mining firms operating in West Africa face mounting security challenges, analysts and executives say. Safety is on all radar screens in the region after an Islamist attack...
Feb 10, 2016
Canadian gold miner Iamgold has reported a National Instrument 43-101-compliant maiden resource for the Diakha deposit, located on the Siribaya joint-venture (JV) project, in western Mali, West Africa. The Siribaya exploration project is operated by Iamgold under a...
Feb 09, 2016
An independent mineral resource estimate has led to a 40% improvement in the inferred mineral resource at Sarama Resources' South Houndé project, in Burkina Faso, to 2.1-million ounces The oxide component of the inferred mineral resource increased 87% to 500 000 oz.
Feb 08, 2016
Gold mining company Acacia Mining is looking to go beyond Tanzania into Kenya and West Africa. Acacia CEO Brad Gordon told the 2016 Investing in African Mining Indaba that the company’s growth had stemmed from a focus on business fundamentals, people and relationships.
Feb 02, 2016
• Allianz brand tops the Insurance Top 50 ranking for third year in a row • Allianz is the only insurer to rank amongst the world’s 50 strongest brands in 2016 • Brand value of Allianz at €18.6bn, up 8.1% from 2015 Allianz has consolidated its position as the most...
Jan 27, 2016
Gold production from unhedged gold mining and exploration company Avocet’s Inata gold mine, in Burkina Faso, has dipped year-on-year, narrowing from 86 037 oz in 2014 to 74 755 oz in 2015. Cash costs for the year under review averaged $1 058/oz – an improvement on...
Jan 26, 2016
LSE-listed Nordgold has met its full-year production guidance – delivering output of 950 000 oz for 2015 – and expects to increase output to 1.01-million ounces in 2016. This came om the back of a 21% quarter-on-quarter increase in production to 241 000 oz for the...
Jan 26, 2016
The gold price is set for a gradual recovery this year, particularly in the second half, driven by improving fundamentals, Thomson Reuters GFMS said in its latest gold survey. The ‘Gold Survey 2015 Q4 Update & Outlook’ report, released on Tuesday, noted that the gold...
Jan 25, 2016
Jan 12, 2016
Jan 08, 2016
Dec 22, 2015
 
 
 
Dec 16, 2015
The Mining Association of Canada (MCA) has recognised eight mining facilities operated by Canadian miners Agnico Eagle Mines, First Quantum Minerals, Iamgold and Teck Resources, for their outstanding performance in the association’s Towards Sustainable Mining (TSM)...
Dec 14, 2015
Gold developer West African Resources (WAF) has completed a capital raising of $2.1-million to accelerate the development of high-grade oxide mineralisation at the M1 and M3 prospect, at its 100%-owned Tanlouka gold project, in Burkina Faso. The capital-raising...
Dec 14, 2015
ASX-listed junior West African Resources has raised A$2.1-million through a share placement to accelerate the development of its high-grade oxide mineralisation at the Tanlouka gold project, in Burkina Faso. The company said on Monday that it would issue some...
Dec 01, 2015
Corruption Watch executive director David Lewis
The latest Transparency International report paints a bleak picture on corruption in Africa, with more than half of those surveyed perceiving corruption to be on the rise – and South Africa emerging as one of the worst performers. The African edition of the Global...
Nov 30, 2015
Dual-listed gold miner Endeavour Mining has completed the acquisition of gold investment company La Mancha Holdings’ assets. Endeavour’s shareholders in early November approved a partnership with La Mancha, would see the gold miner acquire La Mancha’s indirect 55%...
Nov 19, 2015
Against the backdrop of gold tumbling to a near six-year low of $1 064/oz this week, West Africa-focused gold producer Endeavour Gold might be forced back to the drawing board to rethink how it will turn a profit from the new-build Houndé project, in Burkina Faso,...
Nov 19, 2015
Alcatel-Lucent, Bytes Systems Integration and the City of Cape Town have teamed up to deploy high-performance Internet protocol (IP) network infrastructure to reduce the cost of broadband in the Western Cape. Alcatel’s advanced IP core routing network technology...
Nov 17, 2015
Although LSE-listed Nordgold’s third-quarter gold output decreased 26% year-on-year to 200 700 oz, owing to an unusually severe wet season in West Africa, plant maintenance work at several mines and the effect of delays in refining doré of 15 000 oz at some of its...
Nov 17, 2015
Economies depend on electricity supplies that are free from interruptions and shortages to enable businesses and factories to be productive and work unimpeded, according to the World Economic Forum Global Competitive Report. However, South Africa’s electricity supply...
Nov 16, 2015
Triple-listed gold miner Endeavour Mining plans to continue with its acquisition spree after integrating the newly acquired La Mancha assets into the company’s portfolio. Endeavour’s shareholders in early November approved a partnership with gold investment company...
 
 
 
 
Nov 13, 2015
Alcatel-Lucent is to provide the government of Burkina Faso with cloud networking technology that will enable it to develop new digital public services, such as E-government, E-learning and E-health.  Alcatel-Lucent will supply the West African nation with its NFV...
Nov 09, 2015
Alcatel-Lucent and NITA (National Information Technology Agency), the ICT policy arm of Ghana’s Ministry of Communications, are celebrating the successful completion of the Eastern corridor rural fibre optic backbone project which will open up communications across...
Nov 06, 2015
The shareholders of ASX- and TSX-listed Endeavour Mining have approved a partnership with gold investment company La Mancha Holding and Naguib Sawiris. Endeavour in September entered into a strategic partnership with La Mancha which would see the gold miner acquire...
Nov 04, 2015
Canadian gold producer Iamgold widened its net loss from continuing operations attributable to equity holders to $85-million, or $0.22 a share, in the third quarter, as lower sales volumes and prices resulted in lower revenues. Excluding special items, the adjusted...
Oct 29, 2015
Junior gold developer Gryphon Minerals has agreed to divest of its Mauritanian assets in favour of focusing on its Banfora gold project, in Burkina Faso. Gryphon on Thursday said it had inked an option agreement with Canada’s Algold Resources, which  would acquire...
Oct 27, 2015
Replacing Ryan Torvik, who had been with the company since the prefeasibility stage of the flagship Karma gold mine, in Burkina Faso, TSX-V-listed True Gold Mining has appointed Peter Hardie as CFO, effective November 2. He would join the company from gold, copper...
Oct 26, 2015
The World Economic Forum’s annual summit on the global agenda running in Abu Dhabi until Tuesday brings together more than 900 leading international experts in fields as diverse as nuclear security, climate change, religion and robotics. Many of the global challenges...
Oct 20, 2015
Mining has started at the Goulagou II (GGII) deposit at the Karma gold mine, in Burkina Faso, with Canadian project developer True Gold advising on Tuesday that it remained on track for first gold production at the end of the 2016 first quarter. The GGII deposit was...
Oct 16, 2015
BASF yesterday inaugurated its new production plant for concrete admixtures in Lagos, Nigeria. The production site is BASF’s answer to the increasing demand for construction chemicals in western Africa. BASF produces standard and custom-made performance concrete...
Oct 14, 2015
Triple-listed Endeavour Mining has announced record gold production of 124 894 oz for the quarter ended September 30, with output for the nine months to September at 379 802 oz. Over the nine months, the Agbaou mine, in Côte d'Ivoire, the Nzema mine, in Ghana, and...
 
 
 
 
Oct 08, 2015
In hindsight, July 6 could mark an important date for Canada’s streaming companies, as this was the day Silver Wheaton announced receipt of a Canada Revenue Agency (CRA) letter proposing a tax reassessment on income through the company’s foreign subsidiaries between...
Oct 08, 2015
Sep 25, 2015
Sep 21, 2015
TSX- and ASX-listed Endeavour Mining has entered into a long-term strategic partnership with privately held gold investment company La Mancha Holding. Endeavour would acquire Sawiris family-controlled La Mancha’s indirect 55% interest in Société des Mines d’Ity...
Sep 17, 2015
Canadian gold miners reported on Thursday that their respective operations were at this stage unaffected by the latest wave of political unrest to hit the West African nation of Burkina Faso, after presidential guard officers on Wednesday seized power in a coup...
Sep 17, 2015
Sub-Saharan African nations feel more optimistic about the future than many others around the world, a survey released on Wednesday found. The study, published by the Washington-based Pew Research Center, says that "relatively high rates of economic growth" are...
Sep 03, 2015
Advisory firm PricewaterhouseCoopers (PwC) has warned African nations against overtaxing investments in the resources sector. Launching a new report on the second day of the Africa Downunder conference, PwC African practice leader and resource sector partner Ben...
Aug 25, 2015
Construction is progressing rapidly at True Gold's $131.5-million Karma project, in Burkina Faso, with construction about 62% complete. The West-Africa-focused project developer said on Monday that the community liaison committee, the critical communication channel...
Aug 24, 2015
Aim-listed Avocet Mining has adjusted its expected full-year gold output downwards to between 75 000 oz and 80 000 oz of gold, while it mulls options of repaying loans due to an affiliate of its largest shareholder Elliott Associates. The weak gold market and the...
Aug 04, 2015
Aim-listed Avocet Mining has drawn down further funds under the third Elliott loan facility of about $2.4-million, agreed with Manchester Securities, an affiliate of the company's largest shareholder Elliott Management Corporation. The funds would be used to meet...
 
 
 
 
Jul 31, 2015
West Africa-focused gold producer Endeavour Mining has increased its second-quarter profit on the back of sharply lower costs and record output, despite a lower average realised price for the yellow metal. The Vancouver-based company with four operating gold mines...
Jul 27, 2015
After the successful start-up of mining at the Gokona underground project, at London-headquartered Acacia Mining’s developing North Mara mine, in Tanzania, the group has lifted gold output for the six months ended June 30 by 6%, producing 367 301 oz and selling 355...
Jul 17, 2015
Fostering skills development will be key in achieving Taiwan-based machine tools company Yinsh Precision Industrial Company’s vision to expand its business to more European countries and explore the possibility of doing business in Africa.
Jul 13, 2015
The Karma gold project, in Burkina Faso, was in full construction mode with site development rapidly progressing since its restart in May, Canadian project developer True Gold Mining said on Monday. Construction of the $131.5-million project remained on schedule for...
Jul 10, 2015
TSX- and ASX-listed Endeavour Mining produced a record 131 165 oz of gold in the second quarter, lifting output for the six months to June 30 to 254 909 oz. “With great performance from our mines so far this year, we expect to achieve the upper end of our 475 000 oz...
 
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