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Topic - Burkina Faso
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Sep 19, 2014
Mali plans to boost funding opportunities for its artisanal miners and to improve the policing of a sector that produces about a third of the country's gold exports, officials said on Thursday at the start of a mining reform meeting. Artisanal gold mining is plagued...
Sep 19, 2014
The Burkina Faso Council of Ministers has approved the exploitation permits for TSX-V-listed True Gold’s Kao and Nami deposits, which formed part of the Karma gold project. The company pointed out that the Kao and Nami exploitation permits, which were the equivalent...
Sep 19, 2014
The project involves the design, construction and operation of a solar plant in the Boucle du Mouhoun area, in the western part of Burkina Faso.
Sep 17, 2014
West Africa-focused gold miner Endeavour Mining is chasing the top-end of its 2014 production guidance, expecting to beat it and continue to lower costs – all while adding new sources of gold-bearing ore to its production profile. Founder and 30-year veteran of the...
Sep 17, 2014
The African hub of the United Nations Sustainable Energy for All (SE4ALL) initiative was aiming to have assisted 14 countries on the continent in developing energy action agendas and investment prospectuses by the end of this year, the African Union’s (AU’s) New...
Sep 17, 2014
At least 16 people were killed following the collapse of a shaft in an artisanal gold mine some 130 km (80 miles) south of Mali's capital Bamako, the West African State's mines ministry said late on Tuesday. Ten of those killed were miners from neighbouring Guinea,...
Sep 16, 2014
At the current rate of new gold deposit discoveries around the globe, new finds would only be able to replace about 600-million ounces, or half of the industry’s total output in the last 14 years. This was the stark message professional services firm SNL Metals &...
Sep 05, 2014
Mining companies are beefing up protection against the spreading Ebola virus in West Africa while maintaining investment in new projects in a region with vast untapped mineral wealth. Attempts to keep the deadly virus out of work sites range from turning away anyone...
Sep 05, 2014
Aug 29, 2014
Aug 25, 2014
Aug 15, 2014
 
 
 
Aug 14, 2014
Foreign investors were increasingly recognising the untapped potential of sub-Saharan Africa, with Africa expected to have the biggest labour force and faster economic growth than any other region by 2040, PwC’s latest ‘Global Economy Watch’ report has shown. The...
Aug 12, 2014
Trading of the TSX-V-listed stock of Burkina Faso-focused project developer True Gold on Tuesday started on a high note, after the company late on Monday announced that precious metals streaming firms Sandstorm Gold and Franco-Nevada joined forces to provide it with...
Aug 12, 2014
Dual-listed gold miner Endeavour Mining has swung to profit during the June quarter, on the back of record gold production from its mines in Africa. During the second quarter, Endeavour reported earnings before interest, tax, depreciation and amortisation of...
Aug 08, 2014
Frozen potato chips safeguard On July 25, the South African Revenue Service (Sars) imposed a final (definitive) safeguard on frozen potato chips (or French fries), classifiable under tariff subheading 2004.10.20, through two Government Gazette notices. The safeguard...
Aug 06, 2014
Aim-listed west Africa-focused gold mining company Amara Mining on Wednesday announced that mining had been halted at its Kalsaka/Sega gold mine in Burkina Faso, and that the operation would be put into liquidation. The company said this decision followed the receipt...
Aug 05, 2014
Rosebel PV Plant, Suriname
Toronto-based gold producer Iamgold president and CEO Steve Letwin is championing the use of renewable energy as an opportunity for gold mines to reduce costs – a proposition that the company is testing through its Rosebel gold mine, in Suriname. Although saving...
Aug 05, 2014
Africa-focused gold miner Avocet on Tuesday reported a 6% decline in gold production to 21 650 oz for the three months ended June 30, as its Inata mine, in Burkina Faso, was limited to processing lower grade clean ore, to preserve the higher grade carbonaceous ore to...
Aug 04, 2014
Gold hopeful Gryphon Minerals was hoping to pour its first gold at the Banfora project, in Burkina Faso, by the first quarter of 2016. The ASX-listed junior on Monday revealed that the feasibility study into the project had revealed that a capital investment of...
Jul 29, 2014
AECI CEO Mark Dytor
AECI’s explosives arm AEL has branched out into Australia as it teams up with undisclosed customers for the supply of explosives into this new market. An AECI office had been established in Brisbane, while preparations were under way to ship a bulk emulsion plant...
Jul 29, 2014
A scoping study into ASX- and TSX-listed West African Resources’ Mankarga 5 project, in Burkina Faso, has estimated that the gold project could have a net present value of some A$84-million. The scoping study estimated that the project would have an internal rate of...
 
 
 
 
Jul 18, 2014
LSE-listed Nordgold on Wednesday said refined gold output of 476 100 oz was achieved during the first half of the year – a 14% increase on the prior corresponding period as eight of the gold producer’s nine mines achieved a year-on-year production increase. The...
Jul 16, 2014
ASX-listed junior Predictive Discovery has welcomed a cornerstone investment by fellow-listed Aurora Minerals. Aurora would acquire a 17.2% stake in Predictive Discovery by acquiring more than 66.6-million shares currently held by the African Lion 3 Fund, at a price...
Jul 14, 2014
This month’s report includes details of South Africa’s historic five-month platinum strike; Gryphon Minerals’ mining permit for the Banfora gold project, in Burkina Faso; and iron-ore developer Sundance Resources’ appointment of the engineering, procurement and...
Jul 04, 2014
Jun 13, 2014
South Africa’s phenomenal minerals revolution, which has its roots in the last quarter of the nineteenth century, facilitated not only the establishment and growth of the largest and most diversified mining sector in Africa, but also the emergence of a mining-related...
Jun 12, 2014
Avocet Mining says it continues to progress a business review initiated in January to address the company's financial requirements, with discussions with “multiple parties” about possible investment or asset sale transactions to repay the outstanding $15-million loan...
Jun 09, 2014
TSX-V-listed explorer Northquest on Monday announced that it had entered into a private placement to sell a 22.3% interest in the company to Russian miner Nord Gold for C$2.5-million. Toronto-based Northquest, which owns the Pistol Bay gold project, a high-grade...
Jun 04, 2014
Junior gold developer Gryphon Minerals has secured a $60-million loan facility and hedging and cost over-run facilities from Macquarie Bank, to develop its Banfora gold project, in Burkina Faso. Earlier this week, Gryphon became the first Australian company to be...
Jun 02, 2014
Australian mining contractor Ausdrill has slashed its profit forecast for the 2014 financial year, which ends this month, as the performance of its African Underground Mining Services (AUMS) business disappoints. The company, which owns 50% of AUMS, said on Monday...
Jun 02, 2014
ASX-listed junior Gryphon Minerals has become the first Australian company to be granted a mining permit in Burkina Faso, Mines and Energy Minister Lamoussa Salif Kabore announced on Monday. The mining licence completes the regulatory approvals needed for Gryphon to...
 
 
 
 
May 30, 2014
The Agriculture Fast Track Fund (AFT) has awarded grants valued at $1.35-million for the development of two high-value agriculture projects in Mozambique. The projects – EcoFarm Sugar Cane Production and Odebrecht Integrated Poultry Production – were selected owing...
May 26, 2014
True Gold on Monday reported that it had on Thursday broken first ground at its Karma project, in Burkina Faso, marking the start of construction of a 97 000 oz/y gold mine, slated to pour its first yellow metal late next year. The TSX-V-listed project developer said...
May 16, 2014
A content delivery partnership between worldwide software provider IMImobile and media company African Press Organisation (APO) is set to deliver an exclusive feed of Africa-related news releases issued by governments, institutions, nongovernmental organisations,...
May 15, 2014
Sukari, Egypt.
Egypt-focused gold producer Centamin recorded a weaker year-on-year financial performance for the three months ended March 31, as output slumped owing to lower grades caused by mining fleet unavailability. The Perth, Australia-based miner, which operates the Sukari...
May 13, 2014
Canadian resource firms Syncrude Canada and Iamgold were on Monday recognised with the inaugural Towards Sustainable Mining (TSM) Awards at the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) awards gala, in Vancouver. Iamgold was recognised with the...
May 13, 2014
West Africa-focused gold explorer Sarama Resources has embarked on a private placement to raise up to $3-million through the issuance of up to 20-million units at a price of $0.15 apiece. Each unit would comprise one common share of the company and 50% of one common...
May 12, 2014
TSX-V-listed True Gold Mining on Monday announced that it had completed building the fresh water reservoir at its Karma gold project, located in Burkina Faso, which would provide water for mine construction and operational needs, as well as providing a year-round...
May 12, 2014
Luxembourg last week became the African Development Bank’s (AfDB’s) twenty-sixth nonregional member country, further strengthening its commitment to contributing to Africa’s development through the use of the AfDB’s multilateral instruments. Over the next eight...
May 12, 2014
Gold miner Endeavour Mining Corporation has reported a significant increase in gold production during the three months to March, as its Agbaou mine, in Côte d'Ivoire, added to production. During the first quarter, Endeavour delivered 105 912 oz of gold, compared...
May 09, 2014
JOHANNESBURG (miningweekly.com) – Aim-listed African gold producer Goldplat’s third quarter saw a turnaround by its two gold recovery operations in South Africa and Ghana, with several initiatives aimed at improving the efficiency and profitability having returned...
 
 
 
 
May 07, 2014
The NYSE- and TSX-listed stocks of Vancouver-based gold miner Iamgold Corp on Wednesday lost some ground after the company reported narrower first-quarter earnings, mainly the result of lower revenue and lower realised prices. The mid-tier gold producer, with five...
May 05, 2014
ASX-listed junior Aurora Minerals has become a cornerstone investor in fellow-listed Golden Rim Resources by providing A$3-million in funding. Under the terms of the loan, Golden Rim could repay the funds in two tranches, with the first tranche repayable by...
May 02, 2014
ASX-listed Blackthorn Resources is on the hunt for a project partner to help fund the development of its Kitumba copper project, in Zambia. At the end of April, Blackthorn announced that an optimised feasibility study for the project had more than tripled Kitumba’s...
Apr 23, 2014
Bissa mine
LSE-listed Nordgold on Wednesday said refined gold output of 211 100 oz was achieved during the first quarter of the year – a 15% increase on the prior corresponding period as eight of the gold producer’s nine mines achieved a year-on-year production increase....
Apr 17, 2014
Weighing up the factors impacting the gold market this year, 2014 looks set to be a second year of price decline for gold, with precious metals consultancy Thomson Reuters GFMS continuing to forecast an average of $1 225/oz for the year. The organisation’s Gold...
 
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