Gold output falls in Burkina Faso as terrorist attacks increase

The miner estimates a gold production increase by as much as 14% year on year.

The miner has announced a $1.6 billion impairment charge on its De Beers diamond business owing to faltering demand.

Salares Norte is expected to produce 250,000 ounces of gold this year, before ramping up to 580,000 ounces in 2025.

The move comes after China tightened export rules for graphite used for EVs in December.

Anglo American said it will review its assets after a 94% plunge in annual profit.

Recoveries include a 320-carat gem-quality, an 111-carat Type IIa white stone and two +50-carat stones.

"The board yesterday approved the largest mining project in the world," CEO Stausholm told the Financial Times.

The country's biggest mining investors are halting plans to spend billions of rand on new projects in response to a slump in profits.

Gold is Burkina Faso's main export, accounting for 37% of total exports in 2020.