Thursday, November 21African Digital Business Magazine

Tag: Gold mining

African News, Burkina Faso News, Main, Mali News, Niger News

The Sahel faces further destabilisation from the jihadi gold rush

Africa’s Sahel, a region separating the Sahara Desert to the north and savannas to the south, is notorious for widespread poverty and persistent conflict. In fact, Western Sahel, especially Mali, Burkina Faso, and Niger, is the most unstable area on the continent. For years, terrorist attacks have been a frequent occurrence but recently the region has been facing a new threat - a wave of extremist violence targeting gold mines. Groups linked to al-Qaeda and Islamic State have been taking over gold mines and becoming increasingly involved in the informal gold trade. ‘More than 2m people are involved in small-scale mining in Burkina Faso, Mali and Niger’, reported the International Crisis Group. As the NGO explained, ‘in total they dig up 40-95 tonnes of gold a year, worth some $1.9bn-4.5...
African News

IAMGOLD Fatality in Burkina Faso, West Africa

TSX: IMG    NYSE: IAG TORONTO, Nov., 2012 /PRNewswire/ - IAMGOLD Corporation ("IAMGOLD" or the "Company") regrets to report that a gardener employed at our exploration office in Ouagadougou, Burkina Faso, drowned on November 1, 2012. The Company immediately notified all relevant government authorities and other stakeholders in Burkina Faso and is reviewing its safety precautions across the Company for its care and maintenance workers. The thoughts of management in Burkina Faso and throughout the company are with the family, friends and co-workers of the deceased. About IAMGOLD IAMGOLD (www.iamgold.com) is a leading mid-tier gold mining company producing approximately one million ounces annually from five gold mines (including current joint ventures) on three contine...