Description Senegal aims to become a mining country through the implementation of a strategy for the full exploitation of mineral resources This expected change in the socio economic fabric of Senegal must necessarily be accompanied by the creation of a favorable ecosystem capable of meeting the future needs of players in the mining sector
To contribute to this revision of mining laws and policies the Ministry of Industry and Mines requested that the IGF conduct an assessment of its existing laws and policies for the mining sector Using the IGF s Mining Policy Framework MPF as a guide the assessment involved extensive desk based research and a 10 day field visit to Senegal
Senegal s mining sector is a key pillar of its economic development The industry s contribution to GDP employment and infrastructure development is significant With continued exploration and responsible practices the sector s impact on Senegal s economy will only grow 2024 SPONSORS 0 0 Weeks 0 0 Days 0 0
Senegalese mines minister Oumar Sarr who kept his job in the 11 October reshuffle is working with his staff on a series of measures to limit artisanal gold mining in southeastern Among the options under review is the introduction of lower duties for operating licences for the semi mechanised sector which could be reduced from CFA 1 500 00
Quantitative estimates of trade misinvoicing suggest the former is a significant problem for Senegal including for its mining sector which could lead to the loss of 1 3 percent of the country s tax revenues Authorities in Senegal should address such risks especially before the country begins large scale oil and gas production
The mining sector in Senegal generated $220 million for the general state budget in 2019 according to the 2019 EITI Extractive Industries Transparency Initiative report In 2020 mining companies operating in the country contributed $268 million about CFA155 million In its 2020 report published on December 28 EITI revealed
The main theme of SIM Senegal will be Diversification of mineral resources for the economic development of Senegal and the three day conference and collocated exhibition will showcase the government s strategy on the mining sector and concentrated on new developments and investment for further growth and expansion of the Senegalese
Senegal Africa mining finance know how Overview of legal system Senegal is a civil law jurisdiction meaning that the core principles of law are codified and serve as the US$5 billion was invested in Senegal s mining sector from 2000 to 2013 and the Government wants Senegal to become one of Africa s top seven gold producers with an
Senegal has been successful in developing the mining sector due to the modernization of the mining code that took place in 2016 coupled with the many improvements in the investment climate that
Senegal s mining oil and gas sectors might be in for a shake up under newly elected President Faye By Leon Louw owner of WhyAfrica and editor of the WhyAfrica magazine With elections behind them and a new president in the driving seat Senegal s mining sector will be interesting to follow in 2024
DAKAR April 4 Reuters Senegal s newly elected President Bassirou Diomaye Faye on Wednesday said his government would conduct an audit of the West African nation s oil gas and mining sectors
content There is strong public demand for EITI data on both the established mining sector and the nascent oil and gas sector which creates opportunities for EITI Senegal to expand its coverage of areas of increasing public interest such as on the environmental impact and local content contribution to the extractive industries
The event has established itself as one of the largest mining events in West Africa and is the only event supported by the Senegalese government dedicated to expanding the country s mining sector SIM Senegal 2023 was officially inaugurated by the President of the Republic of Senegal Mr Macky SALL and by the Honourable Minister of
Senegal is a highly prospective country with excellent mineral potential If you are looking to invest into Senegal please add yourself to our list of prospective investors so that we can update you on matched business and investment opportunities in Senegal s mining sector
The mining industry in Senegal is of average maturity The discovery of gold in the east of the country Kdougou the exploitation of zircon in Diogo in the centre of the country in the Thiès region and the exploitation of phosphate and quarry mines have promoted the development of the mining sector of Senegal
Another crucial aspect of the Mining Code is a renewed emphasis on transparency throughout Senegal´s mining industry; a trend that is already a pivotal aspect in other extractive industries such as Senegal´s burgeoning hydrocarbons sector whose various world class oil and gas projects are coming onstream in 2023 In compliance with the
Fight against the illegal artisanal gold mining action plan validated and orders are taken to complete the mining regulations for this purpose Ndiaye said the mining sector occupied a special place in the Emerging Senegal Plan ESP and was one of six priority sectors retained to carry a forecast growth rate of 7% over the next 10 years
Description This reform aims to guarantee both a stable and attractive regulatory framework and better consideration of Senegal s interests The operational objective is to have a mining code that doubles the rate of local content in the mining sector within 10 years
In recognising the potential that the mining industry holds for Senegal President Macky Sall made reform of the mining industry a key priority following his election in early 2012 In this update New Mining Code means the new mining code which entered into force on 8 November 2016 and Former Code means the Mining Code 2003 which has now been
