the mining industry in west africa eric boucher...
TRANSCRIPT
The mining industry in West Africa
Eric Boucher
June 22, 2017
Potential AssetA growing Population
Potential AssetAn Expanding Working Age Population
Local procurement: • Quality• Price • Quantity requirements
Training and Local workers: • Employment of local residents for works that does not require special skills• Training for mines operations
Expatriate replacement: • Training cursus for executive position to replace expatriate staff
Curent Trend in Mining LawLocal Content
Be formal and professional;
Have stocks available;
Participate in a partnership with companies with experience to serving the mineral industry.
Mines Needs of Local Suppliers
48e Nord International Strategic positioning
http://48inter.com/wp-content/uploads/2017/04/48e-Nord-Programme-de-renforcement-des-capacites-sur-une-base-dAffaire-FR-web-version.pdf
Violent Extremism :the Scale of the Challenge
Violent Extremism :the Scale of the Challenge
Birimian Greenstone belt
Gold development projects
Tier-one Mining leader in West Africa Mid-tiers players in West Africa
Main mining companies in Africa
Newmont: Ahafo gold mine • Underground and mill expansion announce april 2017 : 200 – 380 $M
Gold fields: Damang mine• Reinvest plan 2017-2024 of 1,4 bn to extend LOM by 8 years. • Two contractors to extend the mainpit and construction of a tailling storage facility
Golden star and Kinross: Prestea and Chirano mines• Invest to go underground operations
Ghana and Mali are the West African countries with the most underground mining
Ghana :Trend from open pit to UG
Asanko: Asanko gold mine (11 pits)
P5Mtpa• Processing plant upgrade (3 to 5 Mtpa – $22 M approved and under construction)• Overland conveyor 27 km linking Esaase pit to processing facility - $120 M
P10Mtpa• Construction additional 5Mtpa CIL plant - $350 M
Resolute mining: Bibiani project (pit / UG)• Re-establish an underground mine - DFS refurbishment of the plant pre-production $72 M
Ghana :Projects
Iamgold: Essakane• Optimize Grinding circuit and recuperation• Solar 15 MW plant
Near production construction• Endeavour : Hounde EPCM Lycopodium – 328 $M – 190 k oz• Semafo : Natougou (Boungou mine) EPCM Lycopodium – 231 $M - 226 k oz
Definitive feasability studie• Teranga gold: Banfora – 100 – 150 k oz / LOM 10-15 years / 200 – 250 $M• West african resources : Sanbrado 150 k oz / LOM over 10 years /
Burkina Faso - over 10 years of mineral development
Burkina Faso :Soft to Harder Rock
Resolute mining: Syama• Going underground project pre-production $95 M fully funded
Near production construction• B2gold: Fekola 375 – 400 k oz• Hummingbird resources: Yanfolila 132 k oz
Definitive feasability studie• Avnel gold mining: Kalana main project – 196$M (EPC / DRA group 5 JV)• African gold group : Kobada- under financing 45 $M – 52 k oz
MaliContinue to grow despite insecurity
GuineaThe giant of Bauxite and iron deposit
Rusal• Rehabilitation of the Friguia alumina refinery - 825 $M• Dian-Dian Bauxite exploitation deal in Boké region
Chinalco: Simandou• Railway, deep water port, iron mine (45 000 jobs, can change the economy of Guinea)
China Hongqiao group (Société minière de Boké)and Chinalco• (Bauxite Indonesia and Malaysia embargo)
TBEA• Hydroelectricity 600MW, railway, alumine plant, bauxite deposit exploitaiton, deep water port
Randgold and Endeavour
• No significant investment in the pipeline
Perseus mining
• Sissengue : Under construction / EPC Lycopodium• Yaoure : Next mine construction expected 2018
Ivory Coast :Perseus Mining Projects
Teranga gold : Sabodala• First Senegal gold mine – 205-225 k oz expected 2017
Near production construction• Toro gold : Mako EPC Lycopodium
Definitive feasability studie• Randgold : Massawa• Bassari resources : Makabuigi (pit / ug)
Senegal :Kedougou Mining Juridiction
Kinross: Tasiast
Expansion phase 1 – 300$M underway
• Increase mill production 8 to 12k t/d
Expansion phase 2 – 620 $M approbation Q3 2017
• Construction of an aditionnal 18 k t/d mill
Production between 400k – 780k oz
Mauritania :Commitment to rentability
Thank you
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