Burkina Faso has signed a mining contract with Canadian mineral
extracting firm, West Africa Mining Company (Semafo), to develop the
Boungou gold mine in east of the country.
Company officials told APA that the mine in question was expected to generate a total of CFA166 billion for the state budget.
It will encourage the creation of 735 direct jobs and 476 indirect employment for citizens of the country.
The contribution to the Mining Fund for Local Development (FMDL) is estimated at CFA7.8 billion.
According to a feasibility study carried out, the deposit will
contain 9,600,000 tons of ore and a grade of 4.5 grams of gold per ton.
The gold reserve estimate is 39 tons.
The cost of construction works is estimated at CFA 131.6 billion.
The project, which was granted a permit to operate in December 2016,
is 90 per cent owned by Semafo Boungou S.A while the government of
Burkina Faso accounts for the remaining 10 per cent.
The first gold cast is scheduled for the second half of 2018.
Semafo holds the Tapoa permit group in the region, consisting of four
contiguous exploration licenses (Dangou, Pambourou, Boungou and
Bossari) totaling 772 square kilometers.
In addition to Natougou, Semafo operates the Mana mine (center-west),
which includes the Siou and Fofina high-grade satellite deposits.
Popular News
-
Mesothelioma is an aggressive cancer affecting the membrane lining of the lungs and abdomen. Malignant mesothelioma is the most serious o...
-
Happy New Month Nigeria! Welcome to the month of June. As the world searches for a respite from all its troubles since 2020 began, one can ...
-
A US mayor of a small town in Illinois who sent Police officers on Sunday to break up parties amid coronavirus lockdown was left shocked ...
-
For the quarter, added 537,000 residential and small enterprise business internet customers versus 380,000 within the prior year quarter....
-
In the dynamic and fiercely competitive business landscape of today, one thing remains constant: the power of advertising. With the right ...
-
The Osun State Governor, Chief Ademola Adeleke, has escaped a horrific fate, according to a report by Leadership. By a stroke of luck, wh...
-
If issues are treated with the sense of urgency and importance they get in the court of public opinion compared to the conventional court...
-
The United Kingdom (UK) has announced new travel requirements. This is as it said Visa is not enough for people wishing to enter the c...
-
The military has assured Nigerians that it will work in collaboration with other security agencies to ensure that the 2023 general electi...
-
Senate President Ahmad Lawan has talked about the new naira note scarcity. He says there is no need for a time limit on the validity of t...
-
Italy have been crowned champions of the 2020 European Championship after defeating England 3-2 in penalties on Sunday night, July 11. ...
-
“Every improvement contributing to your outstanding experience is our daily motivation.” - Remitano Every product and feature on the Rem...
-
For the quarter, added 537,000 residential and small enterprise business internet customers versus 380,000 within the prior year quarter....
-
SMS marketing is a marketing channel which allows businesses to message customers with marketing messages through SMS, or more commonly kn...
-
Breaking news about iceland country incredible but true if you are interested read the full story iceland team was able to achieve an ...
-
Happy New Month Nigeria! Welcome to the month of June. As the world searches for a respite from all its troubles since 2020 began, one can ...
-
An Israeli professor has claimed that coronavirus will disappear after 70 days with or without intervention. The unproven claims were ma...
-
The Remitano founding team has always maintained the belief and vision that blockchain and cryptocurrencies are a big step forward for s...
-
Would you believe it if someone tells you that cayenne pepper has the power to stop a heart attack within a minute? Believe it or not, thi...
-
Apparently, ginger, a well-known spice we frequently add to different dishes to enhance the flavor, has the power to prevent cancer. But, i...
- bitcoin
- bitcoin mining
- Coronavirus
- dr anu nigeria
- coronavirus china
- Benefit Of Ginger Water
- Bobrisky
- Buhari
- coronavirus cure
- benefits of drinking milk
- Biafran War
- coronavirus death rate
- coronavirus outbreak
- dede one day mansion
- coronavirus update
- History of Biafra
- How To Make Ginger Water
- eri
- How to save your phone battery
- is 5g dangerous
- Kobe Bryant
- Jennifer Aniston
- kobe bryant family
- latest nigeria news paper
- kobe bryant wife
- latest on nigeria news
- naija news
- Malignant mesothelioma
- nigeria news
- Mesothelioma survival rates
- newspaper online in nigeria
- nigeria news breaking
- nigeria news headline today
- nigeria news of the day
- nigeria news paper online
- nigeria newspaper
- nigeria news paper today
- nigeria news today & breaking
- nigeria newspaper online
- nigerianewspaper
- nigeria newspapers
- Regina Daniels
- online dating scams
- Side Effects Of Eating Corn
- t mobile data usage
- online nigeria news
- what is tiger nut
- tiger nuts
- Tyson Fury
0 comments:
Post a Comment