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Archive for 2016

8 November 2016

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 »

West African Resources Raised $12.5 Million on an Oversubscribed Share Issue for Gold Project in Burkina.

18 April 2016

(Burkina – Emine) – Ouagadougou April 18, 2016: Australian Gold development company West African Resources announced on April 15, 2016 that it has succeed at the end of an heavily oversubscribed placement to raise up $12.5 million through a placement of up to 100 million shares at a price of $0.125 per share.

The company declared to have received overwhelming demand from international and domestic institutional investors, as well as strong support from a large number of Read more »

OREZONE Closes C$5M Investment to Lay the Groundwork of Bomboré Future Mine

18 April 2016

(Burkina – Emine) – Ouagadougou April 18, 2016: Orezone on March 30, 2016 announced that it has closed a C$5M investment into the Company by way of a non-brokered private placement through the issuance of 10,000,000 common shares at a price of C$0.50 per common share. The common shares generated by a private placement are subject to a four month hold period that Read more »

True Gold Announces First Gold Pour At Karma

12 April 2016

(Burkina – Emine) – Ouagadougou April 12, 2016: The Canadian junior, True Gold Mining has announced on April 11, 2016 that it achieved first production at the Karma gold mine.  Few weeks before, the company had announced the beginning of ore leaching. The mine scheduled to produce 97,000 oz Au/year (average) over an 8.5-year mine life.

“Today is a great achievement for everyone that has been involved in building the Karma gold mine” said Christian Milau, President & CEO of True Gold. “This Read more »

Mining Right in Burkina Faso: 356 Exploration Permits Now Available For Application

3 April 2016

(Burkina –Emine)–Ouagadougou – April 03, 2016: This March 30, 2016, the Council of Ministers of Burkina Faso, under the Ministry of Energy, Mines and quarries, adopted a report on the situation of mining rights in the country.

It appears that 356 exploration permits are now in the public domain: of 731 exploration permits, 316 are expired and 40 have been renounced by their holders. To that should be added 368 of 419 artisanal mining permits expired.

A glance at the list of expired exploration licenses shows that just under hundred officially belong to junior Read more »

SEMAFO Signs $120 Million Credit Facility to Get Natougou Mine off the Ground

1 April 2016

(Burkina – Emine) – Ouagadougou – 04/01/2016: On March 30, 2016 press release – SEMAFO Inc. announces that it has executed $120 million credit facility (“Facility”) with Australian Macquarie Bank Limited, which bears interest at LIBOR around 4.75%, in order to  assume the construction of the Natougou project mine located in Burkina Faso. The project is located approximatively 320 kilometers east of Ouagadougou, Read more »

Extremely high grade gold hit at West African Ml South prospect in Burkina Faso

5 March 2016

(Burkina – Emine): Ouagadougou, March 4, 2016; Gold developer West African Resources Limited (ASX, TSXV: WAF) reported on March 1, 2016,   “extremely high­grade RC results from M1 prospect, at its 100%-owned Tanlouka Gold Project”, in Burkina Faso.

On February 4, 2016, West African Resources (ASX, TSXV) was reporting an intercept of 4m at 36.58g/t Au from 60m in drillhole TAN16-RC118. A step-out drilling Read more »

Endeavour Mining sells its Youga gold mine to MNG Gold for US$25.3 million

4 March 2016

(Burkina Emine ): Ouagadougou, March 3rd , 2016 – Endeavour Mining (TSX:EDV) (OTCQX:EDVMF) has announced that it has received US$25.3 million upon simultaneously signing and closing the sale transaction of its Youga gold Mine to MNG Gold (“MNG”).

The total cash consideration is comprised of US$20 million for the mine and 5.3 million in cash. Endeavour also retains a 1.8 percent net smelter royalty on mine Read more »

Barrick could lose its place as world’s largest gold producer to the benefit of Newmont this year

3 March 2016

(Burkina-emine) – Ouagadougou March, 02 2016: During the last three years the world’s mining sector has gone through enormous difficulties. From international financial crisis through fall in commodity prices it is the whole sector which has been badly hit. However, all the companies have not experienced similar fortunes.

Public statistics released by the two giants of the gold industry Barrick Gold and Newmont, Read more »

True Gold stands out false recruitment ads

20 February 2016

True Gold’s management heard that malicious persons publish false recruitment advertising via social networks, promise jobs to job seekers against rewards in cash or kind.

True Gold Management get out and strongly condemns these practices which are against not only its policies, but also regulations in Burkina Faso. Read more »

20 February 2016
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To read on burkina-emine: INDUSTRIAL GOLD PRODUCTION IN BURKINA 2016 HIGHLIGHTS AND 2017 CHALLENGES .

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