Nordgold received permission from Burkina Faso to use the gold mine
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The government of Burkina Faso has given the Russian gold mining company Nordgold permission to commercially operate a large gold mine in the local commune of Corsimoro, the agency reports. AIB. The reserves of the deposit are estimated at 1.5 million tons of ore.
“The government of Burkina Faso granted on Wednesday, following a meeting of the Council of Ministers, permission for the commercial operation of a large gold mine by Nordgold Yimiougou (Emiougu, province of Burkina Faso) in the commune of Corsimoro,” the agency said.
The text explains that the area of the deposit is more than 31.44 sq. km. The contract for the operation of the facility is designed for 4 years. In June, entrepreneur Alexei Mordashov’s Nordgold was included in the SDN list of the US Treasury, after which the agency issued a general license for transactions with the company until August 31 of this year. Subsequently, the gold miner managed sell a controlling stake in an asset in French Guiana.
On the situation of Nordgold after the imposition of sanctions – in the material “Kommersant” “Nordgold didn’t climb the Montagne d’Or”.
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