Burkina Faso approves Endeavour Mining’s Hounde project
TORONTO (miningweekly.com) – Canadian Miner Endeavour Mining has received the final signed mining permit to develop and operate the Houndé gold project, in Burkina Faso.
The mining permit was previously approved by the Council of Ministers and had now been signed as a mining decree by the newly appointed interim President Michel Kafando, and other governmental authorities.
The decree granted Houndé Gold Operation, Endeavour’s Burkina Faso operating subsidiary, an industrial mining permit to develop and operate the Houndé project.
The mining permit was valid from February 5 for 20 years and could be renewed for a further five years. The project was expected to benefit from the fiscal and other provisions of the current 2003 Mining Code.
“We are very pleased to receive the mining permit for the Houndé gold project. We have been reviewing the results of the [project's] 2014 exploration programme and are undertaking an update on [its] economics and anticipate updating the market on those results shortly.
“We look forward to the opportunity to add another mine to our portfolio in a country where we have had much success operating the Youga mine,” Endeavour CEO Neil Woodyer said on Friday.
Houndé was expected to produce about 180 000 oz/y of gold over eight years.
Endeavour owns and operates four gold mines in West Africa, including the Agbaou gold mine, in Côte d’Ivoire; the Tabakoto gold mine, in Mali; the Nzema gold mine, in Ghana; and the Youga gold mine, in Burkina Faso.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation