Recognising that its mining operations may have both temporary and long-term effects on the environment and the communities in which it operates, Teranga Gold Corporation thoroughly assesses its impact long before the first spade is driven into the ground. The company, headquartered in Canada, operates Senegal’s only commercial gold mine and mill and does so with a keen eye for the sustainability of its operations.
Once Senegal updated its mining law with input from the World Bank, Teranga Gold applied for, and received, a concession in the Birimian greenstone belt along the country’s border with Mali. Estimating that its mine has a lifespan of at least another thirteen years, Teranga Gold has implemented a framework of environmental, social, and governance (ESG) standards that enables the company to engage all stakeholder and safeguard their interests. Teranga Gold also maintains a comprehensive corporate social responsibility programme.
The company’s success in Senegal has led to a drive to broaden Teranga’s geographical footprint. To that end, Teranga Gold recently completed the acquisition of Gryphon Minerals which holds a mining license in Burkina Faso where the company’s Banfora Gold Project remains undeveloped. Industry experts consider the Banfora Project a high grade, high quality asset in one of West Africa’s most stable jurisdictions.
The CFI.co judging panel recognises that Teranga has set the gold standard for mining operations in West Africa. The judges are pleased to name Teranga Gold Corporation winner of the 2016 Best ESG-Responsible Mining Management West Africa Award.