Boosting Local Economy: IAMGOLD Essakane SA’s Impact in the Sahel Region

Key Highlights:

• A turnover of 8.4 billion FCFA achieved in 12 years
• National plan: almost 1,804 billion FCFA in turnover achieved
• Over 1,500 indirect jobs generated in the Essakane mine

Since 2010, IAMGOLD Essakane SA has been working tirelessly to promote local content in the Sahel region. The mining company has achieved a remarkable turnover of 8.4 billion FCFA in 12 years, with a national plan that has generated almost 1,804 billion FCFA in turnover. Moreover, the company has created over 1,500 indirect jobs in the Essakane mine, contributing significantly to the local economy.

Tidiane Barry, CEO of IAMGOLD Essakane SA, emphasized the importance of promoting local content in the Sahel region. He highlighted the company’s multifaceted approach, which includes a well-defined strategy for promoting local purchases nationally and in the Sahel region. The company has set objectives to accelerate the dynamic of securing the greatest possible economic benefits in the Sahel region and in Burkina Faso as a whole.

The company’s strategy towards local suppliers includes creating a local purchasing working group, a program to strengthen the capacity of local suppliers, identifying and transferring opportunities to companies in the Sahel, and organizational support for national initiatives to promote local supply.

Strategy IAMGOLD Essakane SA towards local suppliers

• Creating a local purchasing working group;
• A program to strengthen the capacity of local suppliers in terms of governance, quality, compliance with standards, hygiene and sanitation, etc.;
• Identify and transfer opportunities to companies in the Sahel (process is implemented in an orderly manner, define opportunities and see those that can be transferred to companies in the region);
• Organizational support for national initiatives to promote local supply.