BASE METALS

Two found guilty over Perkoa flood

Two executives working for Trevali Mining have been found guilty of involuntary manslaughter after the April flood at the Perkoa mine in Burkina Faso which resulted in eight deaths, according to local media.

 Trevali's Perkoa

Trevali's Perkoa

Le Faso reported that the general manager of the underground zinc mine, Hein Frey, has been given a 24-month suspended sentence, and the director of a subcontracting company Byrnecut Burkina, Daryl Christensen, received a 12-month suspended sentence.

The country director of Nantou Mining, Ditil Moussa Palenfo was quoted to say that the mine will be allowed to continue to operate. 

"We are on the edge, I would say, a little relieved to know that the court does not prevent us from continuing to operate because it would have been a different disaster after losing our colleagues than to also lose our jobs," he said. 

"So the judgement, I can say overall, was a good decision," he said. 

Trading of the firm's shares has been suspended since 22 August after the company filed for projection under the Companies' Creditors Arrangement Act.

The suspension is to continue until 3 October at which point it is to delist from the Toronto Stock Exchange.

Along with its 90%-owned Perkoa mine, Trevali's assets include the 90%-owned Rosh Pinah Mine in Namibia, and the wholly-owned Caribou Mine in northern New Brunswick, Canada.

The company also owns the Halfmile and Stratmat Properties and the Restigouche deposit in New Brunswick. It also owns an affective 44% interest in the Gergarub project in Namibia.

The Perkoa mine - located in the Sanguie province, about 120 kilometres west of Ouagadougou - has a 2,000 tonne per day milling operations. It has been in commercial operation since 2013.

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.

editions

Mining Journal Intelligence Global Leadership Report 2023: Social licence

Gain insights into social licence trends and best practices from interviews with 20+ top mining company executives and an industrywide survey.