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
-
French Engineering Group Egis Exits Six Africa Units Amid Legal Dispute
04:08
-
Africa Attracted $13.84 Billion in Energy Transition Investment in 2025
04:04
-
Aquaculture and Fisheries: A Largely Untapped Answer to Africa’s Protein Shortfall
20:08
-
Hunger Crisis in Somalia Risks Escalating as WFP Funds Run Dry
19:42
-
DRC and World Bank Agree to Lift Project Disbursement to 30% in 2026 to Curb Low Execution Rates
18:48
-
Cameroon Completes Buyback of Eneo in a CFA78 Billion Deal with Actis
20:55
-
Cameroon’s Social Housing Program Falls Short of Initial Targets
20:10
-
Cameroon Customs IT Operator Campass Replaces Chairman After Governance Dispute
20:08
-
Interpol Arrests 651 Suspects in Massive African Cybercrime Crackdown
17:48
-
Flextock Secures Funding to Expand On-Demand Warehousing in Saudi Arabia, UAE
17:44
ECOWAS central bank governors reaffirm a 2027 target for launching the Eco. Nigeria signals...
South Africa led with 35% of total deal value, ahead of Kenya and Egypt Inbound deal value ro...
Investigation targets alleged breaches of Nigeria’s 2023 data protection law Platform processes p...
Nigeria opened a formal investigation into Temu over alleged violations of its 2023 data protectio...
The main point of contention between Niamey and France’s Orano concerns the uranium stock extracted ...
Africa averages 65 grams of protein per person daily, versus 91 grams globally. WEF says doubling fish production could reduce the continent’s protein...
WFP warns its funds will run out within weeks without urgent support. 4.4 million people face acute hunger; only one in seven receives aid. $95...
DRC and World Bank approved an action plan to raise disbursement to at least 30% in 2026. Current rate stood at 22% in 2025, below 25% over the past...
Finance minister presented the 2026 state financing strategy to investors in Douala. President authorized up to CFA1,650 billion in domestic and...
The University of Lomé on Wednesday opened a fossil and rock exhibition hall showcasing specimens from the country’s coastal sedimentary basin. Led by the...
Senegal, Morocco resume talks on film co-production pact Countries seek revised agreement on training, distribution Partnership produced two...