The Burkina Faso Chamber of Mines’ Post

Panjshir Province Sees Surge in Revenue from Emerald Mining In a significant boost to its local economy, the Panjshir province of Afghanistan has garnered a remarkable $362,977 in revenue from the emerald mining sector over the past year, according to the latest report from the Directorate of Mines and Petroleum. This impressive sum comes from a 10% royalty on the sales of the province's emerald output, which exceeded 50,000 carats with a total valuation surpassing $3.6 million. The mining activities in Panjshir not only contribute substantially to the province's revenues but also play a crucial role in job creation, providing employment to thousands of residents. This development is particularly noteworthy in a region that boasts some of Afghanistan's most significant deposits of emeralds, a gem that is highly prized on the global market for its quality and color. In an ambitious move to further tap into the province's rich natural resources, the Directorate is also laying the groundwork for the extraction of other precious and base metals, including gold, silver, ruby, and iron. These initiatives are expected to further enhance economic growth and provide additional employment opportunities in Panjshir, marking a promising future for the province's mining sector. #AfghanistanRising

⛏️ Eramet's subsidiary, Société Le Nickel - SLN - ERAMET has encountered difficulties with its #nickel mining operations in #NewCaledonia. 📉 #SLN's #mining production plummeted by 32% in the first quarter compared to the previous year due to issues surrounding mining permits. Operations have been halted in the northern province of New Caledonia since mid-April, due to disputes with authorities over the renewal of financial guarantees, with #Eramet's proposal for a one-year extension rejected as inadequate. This adds to the struggles of the New Caledonian nickel industry, prompting a proposed rescue package from the French government. Despite these issues, Eramet remains optimistic, expanding production in Indonesia and Gabon while forecasting increased output for lithium in Argentina. The company adjusted its earnings forecast upwards for 2024. MINING.com Reuters Reuters News Agency Gus Trompiz Tomasz Janowski

Mali's new mining code. What changes for mining companies? A new national commission is being set up to help clarify the new text and future application decrees. A significant increase about state participation in extractive companies, or the integration of local content rules, can be cited as examples (of course, the changes are numerous). Clearly, mining actors operating in most of the region's producing countries (all of which have made far-reaching changes to their legislation) need to get to grips with the new demands of their business. We support all our customers in this essential updating process, as well as in determining investment strategies for new projects.

⁉️ Did you know that: - The long history of mining in Suriname shows that the country retains between 55 percent and 65 percent of the proceeds in the mining sector, which benefits the overall economy. - Reunion Gold Corporation is a leading gold explorer in the Guiana Shield, South America. - In 2020, Reunion Gold announced an exciting new greenfield gold discovery at its Oko West project in Guyana with a Mineral Resource Estimate containing a total of 4.3 Moz of gold. - Reunion Gold supported the discovery of the mine in the Rosebel Goldmines area. - CDWE is the local partner for Reunion and has a track record in exploration and work with French, Canadian and USA companies - In 3-5 years time this initiative could result in 1000-3000 jobs in the mining sectors itself, not to mention the ripple effect it will have on sectors providing services to the mining sector. - AmCham Suriname has a clear vision and strategy about local content development, ease of doing bus and community development with our members -As President of the American Chamber of Commerce it is my commitment to facilitate our members and their partners Quote from the article on De Ware Tijd; The American Chamber of Commerce and Industry in Suriname, Sonai emphasized that the Chamber's role is to facilitate partnerships between businesses. “If companies have already established partnerships and their plans fit within our vision, the task is to support them,” Sonai stated. She further emphasized that the House is committed to the needs of their members. According to her expectations, more than a thousand jobs will be created in the next three to five years as a result of this investment. LivingMyPurpose BetterFuturesInTheCaribbean

Shining a Spotlight on Burkina Faso's Resilient Mining Sector ⛏️ Since the 2000s, Burkina Faso has been experiencing a mining boom. However, despite being in the midst of a modern gold rush, the country has undergone security challenges over the past two years with a significant impact on the mining industry. We speak to Adama SORO, President of the The Burkina Faso Chamber of Mines, unpacks the challenges facing the Burkinabe mining industry as a key driver of the country’s socioeconomic development. Read more here ➡️ https://lnkd.in/e9kfxTyq 🗣️ “As the mining sector accounts for roughly 20 percent of GDP, we need to use the industry as a key driver for the socioeconomic development of the whole country” Contributors: Coris Bank International Burkina Faso l Growth Steel For Africa Outlook Magazine: Project Manager - Deane Anderton Writer - Jack Salter SME - Jake Crickmore #mining #africa #miningindustry #burkinafaso

As we conclude our three-part series on the New Cameroonian Mining Code, we turn our spotlight towards specific mining projects. From exploration to extraction, these ventures promise to shape Cameroon’s mineral landscape and contribute to its economic growth. Nkamouna Mine: Located in the East Province, the Nkamouna mine holds 68.1 million tonnes of cobalt, nickel, and manganese. With a projected lifespan of 23 years, it’s a strategic asset for Cameroon’s mineral wealth. Minim-Martap Bauxite: Nestled in the Adamawa region, Minim-Martap boasts 108.91 million tonnes of high-quality bauxite—the envy of the world. Over its 20-year life, it promises economic growth and global impact. Mbalam-Nabeba Iron Ore: Crossing borders between Cameroon and the Republic of Congo, this project taps into rich iron ore reserves. From mining to valorising ‘poor’ ore, it exemplifies collaboration and resource optimisation. Thank you for joining us on this journey through Cameroon’s mining potential and feel free to reach out if you have any comments or suggestions 🌍💎🚀 https://lnkd.in/dCs2bFvc #InvestInCameroon #MiningIndustry #ArficanGrowth Olivier Bustin Keagile Madiba

📈 𝗭𝗜𝗡𝗖 𝗚𝗜𝗔𝗡𝗧𝗦 - 𝗣𝗮𝗿𝘁 05 Today I'm going to share with you informations about Zijing, another Zinc producer. Last year, Zijing was ranked in fifth position and the main informations that I extract from MiningVisuals are below: 📈 Teck Resources production : 420 000 𝖙 💰 Revenue USD: $ 41.4 𝕭 Zijin Mining Group Co., Ltd. is a leading Chinese mining company that operates several zinc mines globally. Some of Zijin Mining's key zinc mining operations include: 📝 Lanping Lead-Zinc Mine (China) Located in Lanping County, Yunnan Province, China, this mine is one of Zijin Mining's major zinc-producing assets. It is known for its significant reserves of zinc, lead, and silver. 📝 Hechi Wuxu Lead-Zinc Mine (China) Situated in Hechi City, Guangxi Zhuang Autonomous Region, China, the Hechi Wuxu Lead-Zinc Mine is another important zinc-producing operation for Zijin Mining. It contributes to the company's overall zinc production in China. 📝 Barrytown Zinc Project (New Zealand) Zijin Mining acquired the Barrytown Zinc Project in New Zealand through its acquisition of Continental Minerals Corporation. The project has significant zinc resources and is part of Zijin Mining's efforts to expand its international presence in the zinc market.

South32’s Gemco to restart mining in June to build stocks; options restart limited exporting before the end of the year Things are DEFINITELY looking up for South32’s Gemco manganese mine but maybe no such good for competitors and speculators. The company today said that it will start a phased return to mining starting in June and will initially seek to build stocks ahead of the 2024/2025 wet season. Based on its preliminary schedule the company will start export wharf operations and export sales in the first quarter of 2025 and the phased return to mining activities will not change the expected timing. Alternative shipping options are being evaluated to mitigate the impact of the wharf outage. These options may establish ore export capability in advance of wharf operations. Mining is expected to start as soon as the mine has been dewatered and other recovery related activities are ongoing. The operational recovery to date has been focused on re-establishing critical services and dewatering targeted mining pits. BY ALANPATRICKRYAN

Govt warned to treat plans to own free shares in mining with caution: The government has been warned to be cautious over its plans to own free shares in the mining industry. Mining expert Steve Galloway, who has more than twenty years in the industry, on Wednesday said the government should not apply a one-size-fits-all in the proposed approach. “When I was in the government, we had a consultant to examine how we are viewed as an investment destination in the mining industry and the results were that we are doing good,” he said. “It is important to handle the plan for free carried shares in the mining industry with caution. If we are talking about precious metals like platinum, gold and copper, as well as precious stones like diamonds, it might perhaps work for a 50/50 share between government and investors,” Galloway said, adding that this must always be done on a case-by-case basis. He said during president Pohamba’s era, the proposition was put on the table for the government to have a substantial stake in the uranium sector, but was later reserved after the investors in the industry expressed their concern over profitability issues. The idea of free ownership of shares in the mining industry was posed to the industry by mines and energy minister Tom Alweendo at the recently held Chamber of Mines annual general meeting. In response to the proposition, Chamber of Mines Namibia chief executive Veston Malango flagged the plan, saying it has the potential to upset investor sentiment. Galloway said that if treated with a delicate balance, the idea has the potential to create a win-win situation for the state and the investors, but if held without due consideration, it might result in catastrophic results. Yesterday, the Namibia Local Business Association vice president, Peter Amadhila, weighed in on the issue, saying they want the government to own 50% of all natural Namibian resources in future. He said this would allow Namibians to benefit from the country’s resources. The post Govt warned to treat plans to own free shares in mining with caution appeared first on The Namibian.

Artisanal Mining Committees to Streamline Licensing and Curb Illegal Mining, Says PS Elijah Mwangi The ongoing commissioning of the Artisanal Mining Committees is a strategic initiative by the Ministry of Mining, Blue Economy and Maritime Affairs aimed at simplifying the licensing process for artisanal miners. According to Principal Secretary Elijah Mwangi, this intervention is designed to legalize the artisanal mining sector and reduce the incidence of illegal mining operations in Kenya. Strategic Intervention The establishment of these committees represents a crucial step toward improving the regulatory framework governing artisanal mining. By facilitating easier access to licenses, the Ministry aims to integrate informal miners into the formal economy, thus providing them with legal recognition and support. Objectives and Benefits Legalization of Artisanal Mining: The primary goal is to bring artisanal miners into the legal fold, ensuring their activities are regulated and monitored. Reducing Illegal Operations: By streamlining the licensing process, the Ministry hopes to minimize the prevalence of illegal mining, which often leads to environmental degradation and loss of government revenue. Support for Miners: Legal reco... #Licensing #Mining #PSElijahMwangi