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Gold miner Avocet to sell Burkina Faso assets - MINING.COM

Dec 18, 2017· Dec 18 (Reuters) – Struggling miner Avocet Mining Plc said it would sell its assets in Burkina Faso for $5 million to Ghana-based Balaji Group, staving …

Avocet Mining PLC | Contact

Dec 16, 2016· Avocet Mining SMB (Société des Mines de Bélahouro S.A.) Rue 22.29 Porte C01 Secteur 22 Zone du Bois,01 BP 3422 Ouagadougou 01 Burkina Faso,West Africa t +226 25 36 04 60 [email protected] Investor Relations : t +44 (0)20 3709 2570 [email protected]

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Jun 30, 2019· Avocet Mining has dispatched 6,100oz of gold from its Inata Gold Mine in Burkina Faso to the Rand Refinery in South Africa, the 1st such shipment since the company reached a temporary agreement over the workforce dispute that led to the seizure of a 1,400oz gold shipment in Oct.

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Two die in attack to Avocet Mining's convoy in Burkina Faso

Sep 27, 2017· While Avocet said it would review security measures to ensure the safety of the mine and its employees, shares in the company dropped more than 10% on …

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Dec 16, 2016· Avocet is an exclusively West African gold mining and exploration company. We currently operate one gold mine, Inata, in Burkina Faso, and have a pipeline of exploration projects in Burkina Faso and Guinea. Avocet's exploration licences at Bélahouro in Burkina Faso cover approximately 1,660 km 2.

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Avocet to resume talks over Burkina Faso gold mine | Reuters

Sep 11, 2017· Avocet to resume talks over Burkina Faso gold mine. Sept 11 (Reuters) - The boards of West Africa-focused Avocet Mining and its Societe des Mines de Belahouro (SMB) subsidiary will resume talks on ...

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Dec 30, 2017· Avocet a annoncé aujourd'hui qu'elle a conclu un accord pour la vente de tous ses actifs au Burkina Faso, y compris la mine d'or d'Inata, ainsi que certaines créances de la Société a Balaji Group of companies («Balaji Group») pour un montant total de 5 millions USD.

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Dec 16, 2016· Inata Gold Mine. The Inata Gold Mine is 90% owned by Avocet and 10% owned by the Government of Burkina Faso. The mining code of Burkina Faso entitles the state to a 10% ownership of a mining operation on a free carry basis. Avocet acquired its interest in Inata through its acquisition of Wega Mining in June 2009.

Avocet Agrees to Sell Burkina Faso Assets | E & MJ

Dec 21, 2017· Avocet announced it has entered into an agreement to sell all of its assets in Burkina Faso, including the Inata gold mine and certain receivables, to the Balaji Group of companies for a total consideration of US$5 million, with US$2.5 million payable in cash at completion and US$2.5 million paid in deferred payments.

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Embattled West African gold miner sells its Burkina Faso ...

Dec 19, 2017· The sale of the Burkina Faso assets has been part of a larger restructuring and discussions are ongoing with Avocet's sole creditor, Manchester Securities Corp. (Elliott) regarding the restructuring of its overdue loans to the company which total $28.7 million (and which are secured, in part, over the shares in Resolute (West Africa), SMB and ...

Gold miner Avocet to consider insolvency for Burkina Faso ...

Sep 03, 2017· Gold miner Avocet Mining Plc said on Monday it will consider filing for insolvency of its subsidiary Societe des Mines de Belahouro (SMB), which …

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avocet mining smb avis de recrutement inata gold mine burkina faso - shapesofafrica.co.za Gold shipments resume at Avocet Mining's Inata mine. ... will be reassured by today's news that the owner of the Inata gold mine in Burkina Faso has started ...

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Avocet strikes a deal with SMB employees, Inata gold released

Nov 28, 2016· LSE-listed Avocet Mining has reached a temporary agreement with former employees of Société des Mines de Bélahouro (SMB) regarding a recent gold …

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Avocet Mining SMB. Mining & Energy. Avocet Mining SMB is a gold mining company that was originally admitted to the Official List of the London Stock Exchange in 1996 and moved its listing to AIM in July 2002. Listing ID : 1457. Business Type : Service Provider, Supplier.

Avocet has agreed the sale of its Burkina Faso assets ...

Dec 30, 2017· Avocet has agreed the sale of its Burkina Faso assets. 30 December 2017. Avocet announced that it has entered into an agreement to sell all of its assets in Burkina Faso, including the Inata gold mine, together with certain receivables of the Company's group to the Balaji Group of companies for a total consideration of USD 5 million.

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