Deal #7433

Location #1

Spatial accuracy level
Administrative region
Location
Mana, Burkina Faso

Target country
Burkina Faso
Comment on location
Located some 20 km from the Mana mine in Burkina Faso.

Land area

Size under contract (leased or purchased area, in ha)
[2008]

Intention of investment

Intention of investment
[2008] Mining
Comment on intention of investment
Open-pit production commenced in early 2014, and development of Siou underground began in the third quarter of 2018

Nature of the deal

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

Negotiation status

Negotiation status
Concluded (Contract signed)

Implementation status

Implementation status
[2018] In operation (production)
Comment on implementation status
Open-pit production commenced in early 2014, and development of Siou underground began in the third quarter of 2018

Operating company

Name of investment project
Siou deposit
Comment on investment chain
In 2018, signed a 70 months mining services contract with African Underground Mining Services (“AUMS”) to provide turnkey mining services for Siou underground.

 

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Data source #1

Data source type
Company sources
Date
2018

Data source #2

Data source type
Company sources
Publication title
MANA PROPERTY, BURKINA FASO NI 43-101 TECHNICAL REPORT DISCLOSING THE RESULTS OF THE SIOU UNDERGROUND PREFEASIBILITY STUDY
Date
2018

Data source #3

Data source type
Company sources
Date
2018

Detailed crop, animal and mineral information

Comment on resources
3,830,000 tonnes had been produced between 2008 to 2017 at Siou mine.

Overall comment

Overall comment
SEMAFO holds 12 contiguous exploration permits collectively known as the Mana Permit Group, covering approximately 1,884.85 km2.

Nov. 26, 2019, 3:06 p.m.

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