Ouagadougou, Burkina Faso – (African Boulevard News) – Canadian gold miner Altair Resources is making a bold move in Burkina Faso’s mining sector by betting on Toussaint Bamouni to help increase their presence in the country. Bamouni is the former head of Burkina Faso’s chamber of mines and has a wealth of experience in the sector.
According to a recent report from Africa Intelligence, Altair Resources is investing heavily in Burkina Faso’s mining sector and has hired Bamouni as their country manager. The company has amassed significant acreage in the country and is now looking to ramp up exploration and development activities.
“Burkina Faso is a highly prospective region for gold exploration and development, and we believe that Toussaint Bamouni’s experience and knowledge will be critical in unlocking the full potential of our assets,” said Altair Resources CEO, Harold Shipes.
Burkina Faso is home to several large gold deposits, attracting significant foreign investment in recent years. The country’s mining sector has been a key contributor to its economy, accounting for 11% of its gross domestic product in 2020.
Altair Resources’ investment in Burkina Faso is a testament to the country’s growing reputation as a mining destination. The Canadian firm has acquired several exploration licenses in the country, covering approximately 30,000 hectares of land.
The company’s exploration activities have already yielded positive results, with several high-grade gold intersections identified at the Tabakoroni project. Altair is now looking to upscale its exploration activities and advance its projects towards production.
“Toussaint Bamouni’s appointment is a significant step towards realizing our vision for Burkina Faso. With his guidance, we are confident that we can unlock the full potential of our assets and contribute to the development of the country’s mining sector,” Shipes added.
Bamouni’s expertise and Altair’s investment are expected to help spur economic growth in Burkina Faso and create job opportunities for the local population. The company’s investment is a significant boost for the country’s mining sector and is expected to attract further interest from foreign investors.
Altair Resources’ investment in Burkina Faso’s mining sector comes at a time when the country is looking to attract more foreign investment to diversify its economy and reduce its dependence on agriculture. With Bamouni’s guidance, the Canadian firm is set to make a significant impact on Burkina Faso’s mining sector and contribute to its economic growth.
