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Guinea and Burkina Faso to reclaim unused mining permits

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Guinea and Burkina Faso to reclaim unused mining permits

The governments of Guinea and Burkina Faso are planning to takeback hundreds of unused mining permits and re-auction them, ministers said thisweek in separate statements, Reuters reported March 31.

The respective ministries said that production and explorationpermits that have been issued in recent years and that are not being used for explorationor production should be made available to other companies.

In Guinea, 142 of 2,500 permits covering bauxite, gold, diamondand uranium prospects were recently made void, Guinean minister of mines AbdoulayeMagassouba was quoted as saying, adding that the license holders have been informed.Among them is BHP Billiton Groupwhich has abandoned some bauxite blocks, the report said.

In gold-producing Burkina Faso, the ministry of mines has publisheda list of 356 permits that have become available to lease, it added.