Africa Mining: Burkina gold miners shaken by Islamic terror
Burkina Faso’s thriving gold mining sector has been rattled by a new wave of Islamist violence and sporadic outbreaks of interethnic conflict.
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Industry Transparency: Burkina Faso with meaningful progress towards EITI Standard
The international EITI Board today recognized Burkina Faso’s efforts to improve natural resource governance through the EITI Standard. The Board concluded that the country had made meaningful progress in meeting the EITI requirements. The Board welcomed recent reforms to improve the governance of the sector through better reporting and stronger oversight over the redistribution of revenues to local communities.
Read MoreAfrica Mining: Burkina Faso seeks new partner for $1bn manganese project
OUAGADOUGOU – Burkina Faso is looking for a new partner to mine the world’s largest manganese deposit after rights disputes thwarted two earlier attempts to develop the $1-billion project.
Read MoreAfrica Mining: Acacia to sell Burkina Faso asset for $45M to Canada’s Sandstorm Gold
(Reuters) – Acacia Mining Plc said on Tuesday it would sell its 2 percent royalty over the Houndé Mine in Burkina Faso for $45 million to Sandstorm Gold Ltd. The deal is expected to close early in the first quarter of 2018.
Read MoreAfrica Renewables: Burkina Faso Inaugurates Solar Project
Burkina Faso saw its Zagtouli solar power station inaugurated at the end of November. The power station was inaugurated by the president of France, Emmanuel Macron and Roch Marc Christian Kaboré, President of Burkina Faso.
Read MoreAfrica Renewables: Funding available for Burkina Faso solar project
The Banque Internationale pour le Commerce, l’Industrie et l’Artisanat du Burkina (BICIAB), a BNP Paribas Group subsidiary, will provide $16.5-million in financing to Eren Renewable Energy for a 15 MW solar power plant that is under construction in Burkina Faso.
Read MoreAfrica Oil & Gas: Equatorial Guinea, Burkina Faso ink LNG MoU
Equatorial Guinea’s Ministry of Mines and Hydrocarbons inked a deal with the government of Burkina Faso for the supply and construction of LNG infrastructure.
Read MoreOILPRICE: A Short, But Potentially Critical, Mining Change
Quick update on the developing situation in Africa’s important mining center, Burkina Faso. The new transitional government of that nation announced last week that it is making some important shifts in mining policy. Perhaps most importantly, officials said they will “review” existing mining contracts in the country. Which were signed under the previous government of president Blaise Compaore–who was deposed in a coup in October, ending his 27-year rule.
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