To help avoid further suspensions, additional measures would be taken to increase security at mines, the president of Burkina Faso’s mines chamber said on Monday.
The announcement came after Russia’s Nordgold shut down its Taparko mine on April 9 in the insurgent-hit country earlier this month.
An improvised explosive device hit a state security vehicle headed to Taparko for a change of duties leaving two passengers dead and three injured, the government said.
Nordgold that called a force majeure cited the deteriorating security situation in the West African nation where Islamist militants have gained ground and escalated attacks in recent years.
“Measures will be taken and strengthened on all aspects… to give us even more security,” the chamber’s president Adama Soro said without giving detail strategies discussed in a meeting on April 14 between the head of army and the mines chamber.
Improved security was the way to avoid a “spiral of suspensions,” he said and urged investors to stay in the country, noting 16 gold and one zinc mine felt protected enough by the army to continue their operations.
Soro said Burkina Faso’s insecurity had increased operational costs for mines run by international companies, as staff needed to be flown in or heavily escorted when travelling by road.
Mining sites and their supply chains also require additional protection, most of which is provided by state security, while exploration for new sites has declined, he said.