[ad_1]
The Senegalese company Sabodala gold operations (Sgo) has released its 7th report of the Corporate Social Responsibility (CSR) aiming to take stock of the company's CSR strategy and, above all, its technical and financial performance. , economic, social and environmental issues for the year 2017.
The document devoted to the year 2017 revealed record results, reflecting the good health of the mining sector in Senegal. The Sabodala gold mine recorded gold production largely exceeded the targets set by the authorities. Sufficient for Sabodala Gold operations general manager, Abdoul Aziz Sy to indicate that gold production in 2017 reached a record 233,000 ounces of gold or 6.6 tons.
"Our turnover 2017 is FCFA 170 billion, a 13% jump compared to 2016. FCFA 120 billion, representing 70% of our turnover, was directly spent in Senegal, including FCFA 32 billion paid to the State in royalties, taxes, taxes, customs duties, among other contributions and 600 million FCFA directly invested in the financing of community projects designed by, with and for the populations of the communes around the mine "said the director.
Sy He further explained that the Sabodala mine, which has been in production since 2009, will have its life extended to 2031 thanks to reserves, production and cash flow. Beyond the current reserves of the company, the president of the Chamber of Mines to emphasize that "after the removal of the villages of Sabodala and Medina Sabodala with the support of local authorities and regional authorities, we will have access to significant potential the Niakafiri and Maki Madina deposits to complete our drilling program in these occurrences of the Mining Concession, which should further boost our reserves, production and cash flows. "
2017 was also a very successful year with drilling in Niakafiri, Wahgnion and especially Golden Hill in Burkina Faso and Ivory Coast. "In Burkina Faso, we plan to publish a resource estimate at the end of this year 2018 and finally, we have entered into a joint venture on a very promising land portfolio in Côte d'Ivoire, where we are in the process of accelerate exploration work on two joint ventures in this country "from the opinion Mr. Sy. In addition, Sabodala Gold is running two population resettlement projects, one in Senegal and the other in Burkina Faso through a participatory process framed by negotiation forums to ensure that the affected communities participate in all of them. the steps of decision-making. "We have invested in initiatives with a focus on youth development, from helping regional youth organizations to building youth centers, as detailed in the accountability report," says the director.
For mining companies today, continues Abdoul Aziz, "CSR is not just a good thing to proclaim, because social performance is essential, and that is why, argue-t- it, we invest every year through the Social Miner Program and the Gora Community Fund for the betterment of our communities. "
Thus the mission of Teranga Gold is to create long-term value for all of these stakeholders through responsible mining
Moctar FICOU / VivAfrik
[ad_2]
Source link
