gold
gold

The gold mine whose construction will require an investment of over 330 million U.S. dollars and which is considered to be the largest in the country, will generate about 600 direct jobs and 5,000 indirect jobs, an official of Endeavour Mining Company, Sebastien de Montessus, said Monday after holding talks with Burkina Faso President Roch Marc Christian Kabore.

gold1.jpgMontessus also revealed that his company will this month start mining Karma gold mine in northern Burkina Faso, after acquiring it from True Gold Mining company.

He revealed that Burkina Faso will earn between 33 to 50 million dollars in terms of revenue and taxes.

Since 2009, gold dethroned cotton as the number one export product for Burkina Faso, a country of 19 million people.

By end of March this year, Burkina Faso’s mining ministry had issued 731 licenses for exploration of minerals.

According to official figures, revenue from gold contributes 12 percent to Burkina Faso’s Gross Domestic Poduct annually.

Endeavour Mining owns five gold mines producing more than 580,000 ounces per year in Cote d’Ivoire, Mali, Ghana and Burkina Faso. Enditem

Source: Xinhua

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