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Deal #5346 Version #72126

Burkina Faso

Created at

2016-11-22

Last update

2020-08-07

Last full update

2020-08-07

Land area

Intended size

10 020 ha

Size under contract (leased or purchased area)

[2009, current] 10020.0 ha

Size in operation (production)

[2017, current] 1695.0 ha

Comment on land area

The Essakane deposit is located within a 100.2 km² mining permit. Another data source states 1200km2- this includes on-going exploration license areas. Possible extension of land occurred in 2013- no more information on this. Area in operation derived from the Mapathon 2020.

Intention of investment

[2017, current] Mining (1695.0 ha)

Comment on intention of investment

Gold

Nature of the deal

Exploitation permit / license / concession (for mineral resources)

Comment on nature of the deal

Lifespan of mine estimated to be 14 years, until 2025.

Negotiation status

[2009, current] Concluded (Contract signed)

Comment on negotiation status

IAMGOLD commenced management of the Essakane project following the acquisition of Orezone Resources in February 2009.

Implementation status

[2010, current] In operation (production)

Comment on implementation status