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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

Intention of investment
  • [2017, current] Mining (1695.0 ha)
Comment on intention of investment
Gold

Nature of the deal

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

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

Implementation status
  • [2010, current] In operation (production)
Comment on implementation status
Essakane began commercial production in July 2010.

Contract farming

Contract farming
No