Two die in attack to Avocet Mining’s convoy in Burkina Faso

Source: MINING.COM

West Africa-focused Avocet Mining said Wednesday that two paramilitary police officers were killed and other two suffer injuries after unknown aggressors assaulted a convoy carrying fuel to its Inata gold mine in northern Burkina Faso.

According to initial reports, one of the gendarme escorts was the target of the attack, but no groups or person had been identified as the author at the time this article was published.

While Avocet said it would review security measures to ensure the safety of the mine and its employees, shares in the company dropped more than 10% on the news before closing 2.16% lower to 22.17p.

Burkina Faso is Africa's No.4 gold producer and the precious metal accounts for about 20% of gross domestic product. Occasionally, the nation has been hit by jihadist groups-led attacks, particularly along its remote northern border with Mali.

Other than Avocet, there are roughly two dozen miners operating in the country, including Iamgold and Semafo.

Earlier this month, the company warned it might file for insolvency of its subsidiary Societe des Mines de Belahouro (SMB), which operates the Inata gold mine, after the unit’s standstill agreement with its creditors expired.

| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 |



Mining industry must spread social and environmental progress to small-scale mines

  1. Artisanal and small-scale mines, normally operating in the informal economy, produce a big chunk of the minerals we use every day -- about a fifth of the world's gold produced each year, for example. …
  2. {read by 31 people}


Artisanal miners being duped

  1. Fidelity Printers and Refiners (FPR) said on Monday artisanal miners, who are contributing significantly to the country's gold production, were being duped by middle-men who are buying the yellow meta…
  2. {read by 42 people}


How a young German director documented illegal gold mining in Ghana

  1. Filmmaker Johannes Preuss has received a student Oscar for his film, "Galamsey," which was shot in Ghana and looks at the illegal gold trade there. DW met him to discuss how the country could "turn in…
  2. {read by 71 people}


Gold war in Colombia: traditional miners against the state

  1. Luz Dary has spent more than half of her life in the mine. This 47-year-old Colombian woman is a chatarrera, a scrap collector: she toils away, every day, from six in the morning to six at night, alon…
  2. {read by 62 people}


Daily Grind: Women Stone Crushers Feed Demand for Construction in Kenya

  1. KISII, KENYA - On a fine afternoon in Nyantitira village, about 192 miles (310 km) west of Nairobi, Gladys Nanzala emerges from her house armed with a spade, a bucket and a few sacks. She is heading b…
  2. {read by 56 people}


SA's influence felt in start of African tin mine

  1. Two global events have led to development of a long-dormant deposit at Bisie - in thick forest in the war-torn corner of the Democratic Republic of Congo - in what will become Africa's only formal tin…
  2. {read by 79 people}



khjg