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Avocet has agreed the sale of its Burkina Faso assets

30 December 2017

 Avocet announced that it has entered into an agreement to sell all of its assets in Burkina Faso, including the Inata gold mine, together with certain receivables of the Company’s group to the Balaji Group of companies for a total consideration of USD 5 million. 

Completion of the transaction is expected to occur on 11 January 2018, conditional upon the satisfaction of a condition as described below.

 
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INDUSTRIAL GOLD PRODUCTION IN BURKINA: 2016 HAS FULFILLED ITS PROMISES

6 November 2017

Burkina Faso that was long time underexplored for gold despite its excellent geological setting emphasized by it series of prolific greenstone belts, is now known as Africa’s Fastest Growing Gold Producer. Burkina’s gold output jumped more than 20 times in a decade becoming the country’s most valuable export, accounting for almost 80% of its incomes. Based on available figures, the Burkina Faso mining sector contributed for CFA F 191 408 000 000 of budgetary revenues in year 2015.

At the end of 2016, 9 gold mines were operating in Burkina Faso (among the 10 new gold mines

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Dear Reader,

2 November 2017

Welcome to our new platform, still specialized in the analysis and processing of mining industry information in Burkina Faso (and in West Africa)!

You are many thousands of people who have been following us every day since 2012 and we are committed to providing a fair and equitable analysis of all aspects of a challenging sector, so that you are not only from those who know but among those who understand!

To fulfill our commitments and continue to give you the best of the mining sector, Burkina Emine is professionalizing Read more »

Trevali Mining Corporation acquired Perkoa Zinc mine in Burkina

4 September 2017

Glencore has sold its 90% stake in the Perkoa mine in Burkina Faso, and its 80% stake in the Rosh Pinah mine, as well as its 39% interest in the Gergarub project, both in Namibia, to zinc-focused base metals miner Trevali Mining Corporation for a total consideration of US$417.8-million.

The transaction included a cash payment of US$245-million and shares in Canada-based Trevali worth Read more »

New mining companies’ breakthrough in Burkina Faso

17 July 2017

Mako Gold focus on Niou and Tangora gold

After his success story with Orbis Gold that led to the discoveries and pre-developments (up to feasibility study) of Natougou and Nabanga high-grade gold deposits, Peter Ledwidge and his new team are getting back in the saddle and setting out to conquer the new Eldorado in Burkina Faso with Read more »

New mining companies breakthrough in Burkina Faso

12 May 2017

NEXUS Gold Corporation to conquer gold from Niangouela and Bouboulou in north-central Burkina Faso Canadian junior company Nexus Gold recently announced the discovery of large-scale gold mineralization on its permits in Burkina Faso. These results include intersections in DD drill holes prefiguring the discovery of a decent deposit reflect the important discovery potential through the country. Back on a success history with

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Natougou gold deposit, first pour for 2018

10 April 2017

The Natougou Gold Project is located in Burkina Faso, 320km south-east of Ouagadougou the capital city. Within the Diapaga greenstone belt, the deposit is on the Boungou permit belonging to Semafo.

Detained at 90% SEMAFO Boungou S.A and 10% by Burkina State, Natougou is a high-grade sub-horizontal deposit with a strong structural control.

The construction work was Read more »

West African confirms Sanbrado as +150,000 ounces per annum gold producer by 2019

27 February 2017

Gold developer West African Resources Limited (ASX, TSXV: WAF) announced the results of its Open Pit Feasibility Study, prepared in accordance with the requirements of the 2012 JORC Code and NI 43-101, for the Sanbrado1 Gold Project, Burkina Faso.  The study envisages an initial 9 year mine life, with strong early Read more »

West African Awarded Mining Permit

27 January 2017

On the 19th January 2017, Gold developer West African Resources Limited (ASX, TSXV: WAF) announced that the Council of Ministers of the Government of Burkina Faso has approved its mining permit application for the Sanbrado Gold Project (formerly known as Tanlouka Gold Project), Burkina Faso. This announcement follow the milestone reached when West African resources reported on the 8th December 2016, that it has received environmental approval for the Tanlouka Gold Project from Read more »

Outcome of hearing regarding gold seizure

8 November 2016

(Burkina-emine), Tuesday 8th November 2016: Avocet Mining PLC (“Avocet” or “the Company”) today announces that a judge in Ouagadougou has ordered the lifting of the seizure of the gold shipment which had taken place on 7 October 2016.

 The Company continues to explore solutions to resolve the 2 billion CFA (US$3.4m) legal claim made by ex-employees against SociĂ©tĂ© des Mines de BĂ©lahourou SA Read more »

2016 Q3 production and suspension of operations at Inata

27 October 2016

(Burkina-emine), Thursday 27th october 2016: Avocet Mining PLC (“Avocet” or “the Company”) today announces production and cash costs for the third quarter of 2016 from the Inata gold mine and that operations at Inata have been suspended from today.

 • Total gold production at Inata for the quarter was 17,694 ounces at a cash cost of US$1,047 per ounce, compared with 21,086 ounces produced in the second quarter of Read more »

Seizure of gold at Inata mine

25 October 2016

(Burkina-emine), Monday 24th october 2016: Avocet Mining PLC has announced today that bailiffs acting on behalf of ex-workers of “SociĂ©tĂ© des Mines de BĂ©lahouro SA” (“SMB”, owner of the Inata gold mine), who had been laid off following the illegal strike in December 2014, took seizure of a gold shipment containing Read more »

Tambao Manganese: Burkina has yet to pay money to investors!

14 October 2016

(Burkina-emine, October 14, 2016) – The Tambao deposit, discovered in 1959, is located in the Oudalan province, 15 km from Markoye, capital of the municipality of the same name, in the Sahel region, north-east of Burkina Faso. Initially estimated at 20 million tonnes of ore at a grade of 52% to 53% manganese and revalued at 100 million Read more »

SPECIAL SAMAO 2016-West Africa Mining Activities Week: DAY 1 Highlights

29 September 2016

(Burkina emine Ouagadougou, September 29, 2016) After the solemn opening of the SAMAO by the Minister of Energy, Mines and quarries of Burkina Faso, Pr. Alpha Oumar Dissa (representing the Prime Minister), a guided tour of the exhibition booths was done to show samples of the stakeholders of this mining exhibition week in Ouagadougou. The exchange sessions on the central theme: “The mining sector: challenges and prospects for sustainable socio-economic development in Burkina Faso” started with Read more »

SAMAO 2016 : Opening Ceremony, Thursday, September 22, 2016 in Ouagadougou

23 September 2016

(Burkina emine Ouagadougou, 22 September 2016) – It is under this theme “The mining sector: challenges and prospects for sustainable socio-economic development in Burkina Faso,” that the mining community from Burkina, West Africa and elsewhere met since Thursday morning in Ouagadougou for three days.

Considered as marginal country in the mining industry the last few years, Burkina is now fully a mining country with 8 gold mines (mine Kalsaka being stopped) and a Zinc mine, 1 gold mine actually under construction and 4 gold mines pending start construction. The annual gold production in the last two years (2014-2015) is about 35 Read more »

Burkina-emine Special SAMAO (WAMAW)

21 September 2016

As part of the WAMAW (West Africa Mining Activities Week) to be held from September 22 to 24, 2016 in Ouagadougou, Burkina-emine Group will show at its stands a selection of mining projects (exploration permits, advanced projects, small-scale mining) for partnership.

Holders of valid mining titles looking for partnership can contact BURKINA EMINE.

Investors and mining professionals wishing to invest in Burkina, visit us at SPONSOR HALL during WAMAW. A great opportunity to discover the best available projects Read more »

Workshop on the Regional Stream Sediments Survey Results Public Restitution at BUMIGEB

12 August 2016

(Burkina – Emine) – Ouagadougou August 12, 2016: The Bureau of Mines and Geology of Burkina (BUMIGEB) holds a workshop on the regional stream sediments survey results public restitution. The survey was carried over the south-west of Burkina Faso.

Directed by BRGM France in collaboration with BUMIGEB, this survey was done as part of the A2 component of the PADSEM (Project for Mining Sector Development Support in Burkina Faso) and covered the Southwest, Cascades and Haut- Bassins regions. Read more »

Parliamentary Inquiry on Mining Sector in Burkina

26 July 2016

(Burkina – Emine) – Ouagadougou July 26, 2016: Burkina Faso is, recently named among the mining countries but most of Burkina Faso peoples believe that the exploitation of the country’s natural resources does not give them what they deserve. This led the leaders during the Transition in 2015 to review the country’s mining code calling mining companies for more responsibility. But this does not seem satisfactory so that some people still call for a new revision of the mining code. This led the Read more »

INDUSTRIAL GOLD PRODUCTION IN BURKINA : 2015 HIGHLIGHTS AND 2016 OUTLOOK

12 May 2016

Despite an excellent geological potential, the Burkina Faso land remain underexplored compared to the mature greenstone belts of West Africa. Recent investment from mining companies makes Burkina Faso nowadays the fastest growing gold producer and the 4th largest gold producer in Africa. Actually 8 new mines were commissioned since 2007 including 7 gold mines and

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ROXGOLD: Yaramoko Underground Mine in Burkina First Gold Pour for June 2016

21 April 2016

(Burkina – Emine) – Ouagadougou April 21, 2016: “We are very pleased to be transitioning the project into commissioning activities. With the mine outperforming on development rates, contributing to a healthy ROM pad balance, Roxgold is well positioned to advance through the end of the construction phase and into commissioning and production remains on schedule for first gold production in June 2016”. This optimistic assertion of  Roxgold’s President & CEO, John Dorward tells well the enthusiasm of the company about its current Read more »

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