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Contact Us
F2/4 Vasant Vihar,
New Delhi-110 057
Tel : +91 11 26140641/42
Fax : +91 11 26140630
Email :embassy@burkinafasoindia.org
 
 
Mining Sector
INTRODUCTION
In 1991 Liberalisation of the Economy based on the principles of free enterprise led to a very attractive proposition for investors in the mining sector. 

The mineral potential  

• Substances of mines
Gold: All over the national territory 
Diamond: Indices in alluvium and ultra basic rocks
Zinc: massive Sulphur deposit at Perkoa, 6 million  tonnes of ore at 18% Zn and 20 g/t Ag;
Manganese: deposit at Tambao, 19 million tonnes of ore at more than 52% of Mn;  
• Other substances: nickel, copper, phosphates, lead, antimony.
• Quarry Substances: Syenite, gabbro, pink granite, kaolin, limestone, silica sand, etc. 
• Geological information

- Existence of 13 geological maps at 1/200,000 and another geological and mining map at 1/1,000,000 of the country;

- Existence of an active geological and mining documentation center and a  
computerized mining cadastre.

• Legislation and Regulation

- Adoption of a new mining code in May 2003
- Application texts of the adopted mining code 
 
Benefits of the mining act 

1. Favorable tax treatment for research, preparatory work, exploitation;

2. Tax on Trade and Industry Profits (BIC) of mining sector that is indexed on Common law reduced by ten points: 20% and exempt in the research phase or preparatory work;

3. Tax on income from securities (IRVM) is indexed on common law reduced by half: at 6.25% and is exempt in the research phase and preparatory work;  
4. Custom Law: single rate calculated for all imports for research and mining fell from 11.5% to 7.5% and during the period of preparatory work to 2.5%;

 
5. Extension of benefits granted to mining companies and to their sub - contractors (on presentation of contract).  

Mines in Production 
GOLD DEPOSITS COMPANY EXPECTED PRODUCTION INVESTMENT
(IN MILLIONS)
OFFICIAL PRODUCTION DATE
 
TAPARKO/BOUROUM
(Namentenga)

 
Somita (HRG)
 
35 tons of gold metal
 
FCFA-60,000 Euro-89.28
 
8th October 2007
 
YOUGA
(Boulgou)
 
Burkina Mining Company
(ETRUSCAN)

 
25 tons of gold metal
 
FCFA-46,000 Euro- 68.45
 
16th May 2008
 
WONA-FOBIRIMANA
(Balé)

 
SEMAFO-BF
(SEMAFO)
 
35 tons of gold metal
 
FCFA-60,000
Euro-89.28
 
30th June 2008
 
KALSAKA
(Yatenga)

 
KALSAKA Mining
(CLUFF MINING)
 
20 tons of gold metal
 
FCFA-626,000
Euro-931.54
 
30th October 2008

Mines under construction 
DEPOSITS SUBSTANCES COMPANIES EXPECTED PRODUCTION INVESTMENT (IN MILLIONS) STARTING DATE
 
PERKOA
(Sanguie)

 
Zinc
 
Nantou Mining (AIM RESOURCES)
 
6 Million tons 14.5% Zinc
 
FCFA-75,000
 
26th March 2007
 
INATA
(Soum)

 
Gold
 
SMB-SA
(WEGA Mining)
 
22.5 tons of gold metal
 
FCFA-60,000
 
28th April 2008
Mines on the point of construction 
DEPOSITS SUBSTANCES COMPANIES EXPECTED PRODUCTION INVESTMENT
(IN MILLIONS)
START OF CONSTRUCTION
 
GUIRO-BAYILDIAGA
(Seno)
 
Gold
 
Stremco-SA
 
1.26 tons of gold metal
 
FCFA-1,000
 
During 2008
 
KIERE
(Tuy)
 
Manganese
 
Burkina Manganese Sarl
 
600, 000 tons
 
FCFA-1,393
 
During 2008
 
ESSAKANE
(Oudalan)

 
Gold
 
Essakane-SA
(OREZONE)
 
90 tons of gold metal
 
FCFA-175,000
 
During 2008
Advanced Projects 
DEPOSITS SUBSTANCES COMPANIES EXPECTED PRODUCTION FEASABILITY STUDIES
 
TAMBAO
(Oudalan)

 
Manganese
 
 
19 million tons
 
Underway
 
BISSA-ZANDKOM
(Bam)
 
Gold
 
High River Gold
 
75 tons of gold metal
 
Starts during 2008
 
KIAKA
(Zoundwego)

 
Gold
 
Randgold Resources
 
65 tons of gold metal
 
Starts during 2008
Exploitation of Artisanal mining 
1.More than 300 sites across the country
2.More than 200, 000 persons occupied
3.16,872 tons of gold handicraft products between 1086 and 2007
4.82 billion FCFA injected in the economy of the country during the same period
Membership of Burkina Faso to the Initiative on Transparence in Extractive Industry (ITEI) 
 
Burkina Faso awaits you in the mining sector! 
Latest News
 
The Embassy takes great pleasure in announcing the arrival of H.E. Mr. Idriss Raoua OUEDRAOGO Ambassador-Designate of Burkina Faso to India. H. E. Mr. OUEDRAOGO arrived in New Delhi on December 2, 2011 and has assumed charge of the Mission.

The entire staff of the Embassy wishes him a very warm welcome and success in his mission.

On Thursday, January 12, 2012 H.E. Mr. Idriss Raoua OUEDRAOGO presented his credentials to H.E. Mrs. Pratibha Patil, the Honourable President of the Republic of India, as the Ambassador Extraordinary and Plenipotentiary of Burkina Faso to India.
 

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