Travel restrictions due to the COVID-19 pandemic are going to make it difficult for West African mines to use expatriates as competent persons (CPs) or qualified persons (QPs) to sign off mineral resource and reserve estimates.
Might the lockdown help the region’s efforts to promote local procurement of these services?
Four of the top five largest gold miners by production in 2019 have footprints in West Africa. I refer to these four as the mining ‘BANK’ of the region – Barrick, AngloGold Ashanti, Newmont and Kinross – because the footprint of their combined mineral assets is substantial relative to that of their competitors.
Together with mid-tier and junior miners, the BANK companies dominate mining in the region, with strong footprints in Ghana, Côte d’Ivoire, Mali, Burkina Faso and Guinea.
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