• By bassey
    Nov 30, 2016
    Gold Bars

    Miners in Burkina Faso have seized 43kg (94lb) of gold worth about $1.7m (£1.4m), a firm says, and are refusing to return it until they get a pay-off.

    The gold was seized by a bailiff on behalf of the miners at the main airport in the capital on 7 October.

    But London-listed Avocet Mining,says it needs the smelted gold back to raise money for the workers' settlement.

    The dispute at Inata mine dates back to 2014 and the sacking of 317 workers.

    Other workers at the mine, which is about 250km (150 miles) from the capital Ouagadougou and is run by subsidiary company Belahouro, are also in dispute with the management over the payment of bonuses.

    "We appeal to the justice system to be extremely vigilant. We have heard SMB-Inata is using dubious means to try to get the gold back," said Saidou Sinare, a spokesman for the sacked workers.

    London-based Avocet CEO David Cather told the BBC payments to workers had been agreed and operations had resumed because the company believed the dispute had been settled.

    "But we're still waiting for the gold to be handed back," he said.

    "We have agreed to make an interim settlement of 565m CFAF ($1m) to the workers. This will have to come from the sale of the gold they are holding," he added.

    Discussions were still under way to secure the release of the gold, the company said in a statement.

    The gold is smelted at Inata and flown to South Africa's main city, Johannesburg, for refining.

    The mine produced 2,120 kg of gold last year, Avocet said.

    Gold mining has boomed in several West African countries in recent years.

    In addition to mines run by established companies, many informal mines have opened and have attracted thousands of people who work in hazardous conditions.



    This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.
    Image CAPTCHA
    Enter the characters shown in the image.
    Refresh Type the characters you see in this picture. Type the characters you see in the picture; if you can't read them, submit the form and a new image will be generated. Not case sensitive.  Switch to audio verification.
  • Related Posts

  • Post Comment to Facebook