the mining industry in west africa eric boucher...

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

70 Avenue du Lac, Rouyn-Noranda

Québec, J0Y 1R0

Tel: (819) 762-4923

Cell: (819) 651-1526

Eric.Boucher@48inter.com

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