Avocet plans to buy Wega Mining for about $108 mln
(Adds debt to deal's value, CEO and analyst comments, details)
The Inata deposit, Belahouro District, northern Burkina Faso
The Inata deposit is located in the northernmost part of Burkina Faso, in the Belahouro District in the Bouroum greenstone belt (Fig. 1). It was initially discovered as outcropping quartz veins and was first explored by BHP. ... The project was again sold to Goldbelt Resources in mid-2000's, which was bought out by Wega Mining and in turn by ...
Evaluation économique de l'environnement et des …
est assurée par sociétés quasi exclusivement étrangères ((Cluff Gold, High River Gold, Wega Mining, IAM GOLD, Strouscan Ressources et SEMAFO SA). Dans les mines artisanales, 700'000 personnes sont directement concernés par lactivité ... Au total, les six sociétés minières en exploitation au Burkina Faso, ont réalisé entre 2007 et ...
Avocet Mining : Agreed the sale of its Burkina Faso assets
The transaction with the Balaji Group comprises a sale by Wega Mining AS ('Wega Mining'), a wholly-owned subsidiary of Avocet, of the entire issued share capital of Resolute to Greater Success Global Limited, a member of the Balaji Group (the 'Purchaser'), for USD 1 in cash, pursuant to a share purchase agreement entered into on 18 December ...
Fortuna Mining says Burkina Faso will not …
Fortuna Mining said on Monday that the government of Burkina Faso does not plan to withdraw the Canadian company's existing mining permits in the country.
High Grade Gold results in Burkina Faso
Exploration company SearchGold, which is exploring the 400 km2 Arae- Gassel gold property in northern Burkina Faso, has recognised on its property the same Inata-Kerboule major regional structure that hosts Wega Mining's 1.4 million ounce Inata deposit 15 kilometres to the south. The Inata-Kerboule major regional structure, which is over 30 kilometres in strike …
Avocet Mining PLC | Operations
Avocet is an exclusively West African gold mining and exploration company. We currently operate one gold mine, Inata, in Burkina Faso, and have a pipeline of exploration projects in Burkina Faso and Guinea. Avocet's exploration licences at Bélahouro in Burkina Faso cover approximately 1,660 km 2. Our other main project is Tri-K in Guinea ...
New mining code enacted in Burkina Faso: major changes …
08 Oct 2024 BY Guillaume P. Blanc New mining code enacted in Burkina Faso: major changes to reinforce local regulation, ownership and transformation . After several months of discussions, a new Mining Code was adopted by the transitional national assembly of Burkina Faso on 18 July 2024 and promulgated as the Act No 016-2024/ALT enacting Mining Code in Burkina Faso on …
Ouagadogou Gold Mine
Inata Ouagadogou gold mine operations in Burkina Faso are located within a highly prospective 1,660 km 2 land package in the Bélahouro district approximately 220 kilometres north-east of the capital, Ouagadougou. The …
(PDF) Analyse Économique du secteur des Mines au Burkina Faso…
Analyse Économique du secteur des Mines au Burkina Faso: liens Pauvreté et Environnement. August 2011; Affiliation: CEDRES, Université Ouaga 2 ... Wega Mining, IAM GOLD, Strouscan Ressources et ...
Avocet plans to buy Wega Mining for about $108 mln
Avocet Mining Plc said on Tuesday it plans to buy Wega Mining ASA for about $108 million in a shares and debt deal that would create a gold company with annual output of about 300,000 ounces.
Heta Anthony HEMA-MANN
Responsible for all drilling operations for Avocet Mining International these include but not limited to Wega Mining Exploration Guinea and Mali, SMB Inata Mine Burkina Faso, Goldbelt Resources ...
Burkina Faso: Mining, Minerals and Fuel Resources
Burkina Faso is a landlocked country that is located to the north of Ghana in Western Africa. The total area of the country is 274,200 km2, and it has a population of 17,275,115 as of July 2012. The country's climate is tropical.
Embattled West African gold miner sells its Burkina Faso …
The sale of the Burkina Faso assets has been part of a larger restructuring and discussions are ongoing with Avocet's sole creditor, Manchester Securities Corp. (Elliott) regarding the restructuring of its overdue loans to the company which total $28.7 million (and which are secured, in part, over the shares in Resolute (West Africa), SMB and ...
Burkina Faso: Endeavour and Iamgold in Traoré's sights
The future for Burkina Faso's mining sector, despite the fact that it accounts for 2,349bn CFA francs (approximately $3.86m) in export revenues and up to 20% of government tax revenues, continues to look bleak. Since the current regime came to power, production has been falling steadily, with a 15% drop last year compared with 2022. This is ...
Avocet plans £73m takeover of Wega Mining | This is Money
Avocet Mining said on Tuesday it plans to buy Wega Mining for about $108million (£73million) in a shares and debt deal that would create a gold company with annual output of about 300,000 ounces.
Avocet Mining Plc
For the past 16 years, Avocet Mining Plc has had its focus on South East Asia, firstly mining tungsten and latterly, gold. However, a major refocus is now underway that has indeed seen the company go west—specifically, to West Africa. The man overseeing this huge shift in strategy is CEO Brett Richards. "The company began in 1994 with gold ...
Burkina Faso Ministère de l'Environnement et du Cadre …
((Cluff Gold, High River Gold, Wega Mining, IAM GOLD, Strouscan Ressources et SEMAFO SA). Dans les mines artisanales, 700'000 personnes sont directement concernés par l'activité d'orpaillage : de plus, environ 518'495 habitants des zones riveraines des sites d'orpaillage bénéficient des activités induites par l'orpaillage.
Miner progresses Burkina Faso mine deepening plans
Resource definition diamond drilling is in progress at the M1S underground, targeting the conversion of the inferred mineral resources to the indicated category between 1 600 mRL and 1 350 mRL ...
Challenges and Opportunities of Mining Exploitation in …
Kansole MMR et al Euro. J. Adv. Engg. Tech., 2023, 10(3): 18-24 21 Fig. 2 Evolution of industrial mining production from 2012 to 2021 Besides gold and zinc, Burkina Faso also produced manganese through the small Kiéré mine and the Tambao mine. The small kiéré mine, which operated from 2009 to 2011 with a total recorded production of 117 tons of ore.
Burkina Faso Outcry from foreign companies over new mining …
Burkina Faso Insecurity drives down gold production. The deteriorating security situation is taking a heavy toll on Burkina Faso's gold mining industry, the backbone of the country's economy. According to a confidential internal report from the Ministry of Mines, Burkinabe gold production has fallen by 10 tonnes in two years.
Burkina Faso Wega to Go for Takeover Plan
Wega Mining, which is developing gold mining at Inata in Burkina Faso, is indeed no longer able to meet loan-servicing obligations to its creditor, Macquarie Bank. In the second …
Ouagadogou Gold Mine
The Inata deposit presently comprises mineral resources of 4.69 million ounces and an ore reserve of 0.92 million ounces. The average grade of the mineral Reserves is 2.07 grams per tonne. This project is the first gold mine project in Burkina Faso with a very long project life.
Mana mine
Our focus at Mana is to increase the mine life beyond 10 years, through the expansion of the underground deposits and evaluating open pit targets. Quick links Disclosure portal ... 10% Government of Burkina Faso. Mining method. Open Pit/Owner Mining and Underground Pit/Contractor Mining. Production start date. 2008 for the CIL Plant. Processing ...
Burkina Faso plans to withdraw some mining permits, junta …
London-listed Endeavour Mining, Australia-based West African Resources, Russia's Nordgold, and Canada's Orezone Gold Corporation operate in Burkina Faso. Operations have been complicated by ...
List of Mining Companies in Burkina Faso
Orezone Gold Intercepts High-Grade Mineralization Below North Zone Life of Mine Pits Including 2.55 G/T Gold Over 23.00m and 1.14 G/T Gold Over 29.50m
Burkina Faso Threatens Permits, But Mining Firms Insist …
The company pointed out that its Essakane mine, one of the largest in the region with forecasted 2024 production between 330,000 and 370,000 ounces, was in full compliance with Burkina Faso's laws. The mine continues to operate securely, and IAMGOLD recently received a dividend payment approved by the government, underscoring the stability of ...
BURKINA FASO : Wega to Go for Takeover Plan
Wega Mining SA, which is in financial difficulty, is likely to be bought soon by Avocet Mining, a mining company [...] - 4/29/2009
Marie Teoro
Senior Geologist chez Avocet/ Wega Mining Guinee · Experience: Wega mining · Education: Institut Superieur des Mines et Geologie De Boké /Guinee · Location: Guinea · 43 connections on LinkedIn. ... Geochemistry of Mining Discharges from the Ppolymetallic Deposit of the Perkoa Underground Zinc Mine in Central-western Burkina Faso – West ...