Deal #5346

Burkina Faso
Created at
2016-11-22
Last update
2021-11-23
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
  • [2009, current] Mining (10020.0 ha)
Comment on intention of investment
Gold

Nature of the deal

Nature of the deal
Exploitation permit / license / concession (for mineral resources)

Negotiation status

Negotiation status
  • [1996] Concluded (Contract signed)
  • [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. Project title originally granted in 1997.

Implementation status

Implementation status
  • [2010] In operation (production)
  • [2021, current] Startup phase (no production)
Comment on implementation status
Essakane began commercial production in July 2010. Following the attack in 2021, IAMGOLD has suspended convoys to and from the mine.

Contract farming

Contract farming
No