Mining industry of Burkina Faso - Wikipedia
In 2012, there were hundreds of gold mines in Burkina Faso, most of them small-scale. [6] [7] Burkina Faso is the 3rd biggest site for gold exploration in Africa and 4th biggest gold producer in Africa. West African gold is not as high grade as gold from South Africa.
Burkina Faso reclaims gold mines from largest British mining firm
Sep 4, 2024 · Burkina Faso has struck a deal to nationalise two gold mines for about $80mn that London-listed Endeavour Mining agreed last year to sell to Lilium Mining for more than $300mn.
Burkina Faso nationalises two gold mines mired in legal dispute
Aug 27, 2024 · Burkina Faso has struck a deal to nationalise two gold mines for about $80mn that London-listed Endeavour Mining agreed last year to sell to Lilium Mining for more than $300mn.
Burkina Faso nationalises two gold mines, ending legal
Aug 28, 2024 · Burkina Faso has nationalised two gold mines for a sum of around 80 million dollars, ending a legal row between rival companies Endeavour and Lilium Mining. As part of the deal, the...
Burkina Faso: New Kiaka Gold Mine to Start Production in 2025
Jul 4, 2024 · The Kiaka mine is expected to generate $3.4 billion in pre-tax free cash flow according to the new study, making West African Resources a multi-asset gold producer. The company also operates the Sanbrado mine in Burkina Faso, which is projected to deliver between 190,000 and 210,000 ounces in 2024.
Burkina Faso nationalises contested gold mines amidst legal …
Aug 28, 2024 · Burkina Faso nationalises contested gold mines amidst legal settlement Endeavour Mining and Lilium Mining have resolved legal dispute over gold mines in Africa. Burkina Faso government will pay...
Burkina Faso nationalizes UK goldmines | MR Online
Sep 13, 2024 · Burkina Faso will nationalize two gold mines at a cost of about U.S. $80 million. The Boungou and Wahgnion mines were sold last year by London-listed Endeavour Mining to Lilium Mining for U.S. $300 million.
Burkina Faso Reclaims Gold Mines From Largest British Mining …
Sep 3, 2024 · In a bold and significant move, Burkina Faso has reclaimed control of two of its major gold mines, marking a shift towards greater resource sovereignty. The Boungou and Wahgnion gold mines, previously owned by an African mining company, have now been nationalized by the Burkinabé government as part of a deal finalized on August 27, 2024.
Burkina Faso’s Kiaka Gold Project on Track for 2025 Production
Jan 2, 2024 · A $265 million loan facility will fund the development of one of the largest and lowest-cost gold mines in West Africa. Burkina Faso, a landlocked country in West Africa, is set to become one of the continent’s leading gold producers, thanks to the development of the Kiaka Gold Project by West African Resources (WAF).
Gold production in Burkina Faso and major projects - Mining …
Aug 23, 2024 · According to GlobalData, Burkina Faso is the world’s fifteenth-largest producer of gold in 2023, with output up by 4% on 2022. Over the five years to 2022, production from Burkina Faso increased by a CAGR of 4% and is expected to …