Mining

Burkina Faso: Nordgold expands Bissa-Bouly gold mines life span

Wednesday, 16 May 2018 20:00

Russian mining company Nordgold is carrying activities to extend the lifetime of its Bissa-Bouly gold mine in Burkina Faso.

The managing Director Howard Golden said that this should secure not only the future of these high-quality assets but also the jobs of over 1,200 local workers. These activities include exploration, operations, and continuous improvement projects.

In a statement issued yesterday May 15, the company indicates that it’s 2018 exploration campaign at Bissa-Bouly is growing rapidly and that it should achieve increasing resource target. The program covers an 86 km drilling and aims at the progressive entry into production of certain reserves (Samtenga, Ronguen, Zinigma, and Yimiougou), as of 2019.

“Bissa and Bouly's combined annual gold production is expected to exceed 300,000 ounces per year in the mid-term, making it one of the largest companies in Burkina Faso, a feat Nordgold is very proud of”  the MD said.

In 2017, Nordgold drilled a total of 61 km, increasing mineral resources by almost 1.147 million ounces and adding 70,000 ounces to ore reserves.

Louis-Nino Kansoun

On the same topic
The Petroleum Training Institute warns Africa’s oil reserves could lose value amid the energy transition. The continent’s dependence on foreign...
Rhino plans appraisal, flow tests in Namibia’s Orange Basin Goal: confirm oil, gas potential before development phase Production targeted by 2030...
Harmony Gold acquires MAC Copper for $1.01B, enters copper market CSA mine adds 40,000 tons annual copper output Deal aligns with gold miners’...
Output hits 87,974 tons Jan-Sept Production from DRC mines faces new export quotas 2025 forecast cut amid market controls, oversupply concerns...
Most Read
01

Drones to aid soil health, pest control, and input efficiency High costs, skills gap challenge ac...

Kenya Plans National Drone Rollout to Modernize Farming
02

TotalEnergies, Perenco, and Assala Energy account for over 80% of Gabon’s oil production, estimate...

Gabon Seeks Foreign Partners to Revive Declining Oil Sector
03

IMF cuts WAEMU 2025 growth forecast to 5.9% Strong demand, services, and construction support...

IMF Lowers WAEMU Bloc’s Growth Forecast to 5.9% for 2025, Benin Now Leading
04

Diaspora sent $990M to CEMAC via mobile money in 2023 Europe led transfers; Cameroon dominat...

Mobile Money Transfers to CEMAC Near $1B in 2023
05

BYD to install 200-300 EV chargers in South Africa by 2026 Fast-charging stations powered by grid...

China's BYD Plans 300-Station EV Charging Network for South Africa
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.