In 2018, Burkina’s gold output will rise by more than 200,000 ounces due to Boungou mine
Thursday, 09 November 2017 17:31
Last Tuesday, the mining firm SEMAFO has announced that the construction of its Boungou gold mine in Burkina Faso was 63% complete and that it should start production in Q1 2018.
Once online, the mine should produce an average of 226,000 ounces of gold per year over its first three years of activity. This would de-facto boost the country’s total output.
In a statement released Wednesday, SEMAFO indicated that it has already spent on the project $113 million out of a budgeted $231 million. It added that things are going faster than it anticipated and that a lot of installation works are almost completed. Also, Boungou’s residents were successfully relocated to a newly built village and the firm has signed a 3-year collective agreement with its employees.
SEMAFO which also operates in Burkina Faso the Mana mine, plans to produce during this year, between 190,000 and 205,000 ounces of gold.
Louis-Nino Kansoun
Live News
-
Guinea Seeks to Modernise Its Civil Service to Meet Labour-Market Needs
05:59
-
Yttrium: Prices Surge 3,500% for a Metal South Africa Plans to Produce
05:55
-
Maersk to Resume Suez Canal Transit in December
05:48
-
Cameroon: AGL Invests $1.8 Million in New Equipment
05:45
-
CHR Lomé-Commune Commissions New Medical Scanner
13:56
-
Access Bank, in Partnership with IFC and AGF, launches Cameroon’s First-Ever Womenpreneur Pitch-A-Ton
13:42
-
ASKY Expands Fleet With New Boeing 737 MAX
12:20
-
Togo Approves $6.65M Climate Resilience Project for Central Region
12:09
-
Togo Road Deaths Fell Between 2022 and 2024, Data Show
12:03
-
Codias Reports 16.7 kg of Gold from New Colomine Underground Mine
10:54
S&P upgrades Zambia to CCC+ as debt talks advance and copper output rebounds. About 94% of $...
Anthropic, Rwanda’s government, and ALX launched Chidi, an AI mentor built on Claude. It wi...
Government, ESCWA, and experts meet to shape national framework Plan aims to fight corruption, c...
Vodacom Tanzania launches M-Pesa Global Payments, enabling seamless international transactions thr...
(MCB) - The Mauritius Commercial Bank Limited (“MCB”) has successfully granted a strategic financing...
The government launched FUGAS, a new digital administrative and payroll system, as a strategic reform tool. The initiative forms part of a broader...
AGL Cameroon invested CFA1 billion ($1.8 million) in new port equipment. The company has already spent more than CFA8 billion on equipment in...
Togo adopted a national framework to identify and design projects for submission to the Green Climate Fund (GCF). The mechanism standardizes project...
REGIDESO and Singapore-based EFGH signed a service framework agreement to digitalize revenue collection nationwide. The partnership will develop secure...
Hidden deep within the Arabuko-Sokoke Forest on Kenya’s coast near Malindi, the ancient city of Gedi stands as one of East Africa’s most intriguing...
Orange Egypt and Qatar’s Qilaa International Group have partnered to develop WTOUR, a digital platform offering trip planning, hotel bookings, local...