lse avm ose avm industry mining founded 1995 headquarters london uk key people russell edey chairman david cather ceo revenue us 280.6 million 2011 1 operating income us 58.2 million 2011 1 net income us 105.1 million 2011 1 number of employees 600 website www.avocetmining.com avocet mining plc is a west african focussed gold mining and exploration company with its primary operations in burkina faso and guinea . the company is listed on the london stock exchange and the oslo b rs . contents 1 history 2 operations 3 production 4 management 5 references 6 external links history edit avocet mining was formed in 1995 and a year later listed on lse with a market capitalisation of 72m with gold deposits in peru tungsten interests in portugal peru and california and an operating gold mine in penjom malaysia . 2 in 1999 the company divested tungsten operations to focus on gold . avocet moved onto the aim market in 2002 with a market capitalisation of 12m . 3 in the same year the company acquired 80 % in north lanut indonesia and a 49 % interest and management control in gold mining company zgc in tajikistan which was later disposed of in 2007 . 4 5 in 2008 avocet acquired the seruyung gold exploration project in kalimantan indonesia . 2009 saw the company acquire wega mining 6 and the inata gold project in burkina faso the company poured its first gold later that year . 7 avocet listed on the oslo axess list of the ose in 2010 8 while disposing of the hound licences in burkina faso to avion . 9 the company disposed of all its south east asian assets in 2010 . in may 2011 the company had to halt operations at the inata mine due to illegal labour unrest . 10 later the same year avocet mining listed on the main market of the lse with a market capitalisation of 434m . 11 operations edit the company operates a gold mine at inata in the north of burkina faso . 12 management intend to expand the mine at inata in late 2012 such that gold production can start at the new facilities in late 2013 . 13 the company has a pipeline of exploration projects across 21 exploration licenses in burkina faso and guinea . avocet mining s exploration licences at b lahouro in burkina faso cover approximately 1 660 km2 whilst at its other main project tri k in guinea it has an exploration license covering approximately 986 km2 . 14 all of avocet s exploration mining licenses are located within the prospective birimian greenstone belt that dominates west africa s geological landscape . 15 avocet mining plc operations . burkina faso avocet mining s operations in burkina faso are located within a 1 660 km2 land package in the b lahouro district approximately 220 kilometres north east of the capital ouagadougou . outside of the inata gold mine license area avocet mining has exploration permits over a large land package broadly known as b lahouro . extensive exploration work is ongoing within this area . 15 guinea avocet mining has a number of development projects across twelve exploration licences in guinea . these include the 986km2 tri k block consisting of eight exploration licences across the koul koun kodi ran and kodiafaran gold prospects . the most advanced is koul koun with a mineral resource of 2.15 million ounces 16 which is currently undergoing a feasibility study . the exploration licences in guinea are 100 % owned by avocet mining . 17 production edit within avocet s inata mine license area a mineral resource of 3.985 million ounces 16 and a mineral reserve of 1.85 million ounces has been proven . at the souma project which is within the b lahouro region but outside of the inata mine license area a further mineral resource 0.56 million ounces has been defined . the inata mine produced 167 000 ounces of gold in 2011 . in 2012 the inata mine is expected to produce approximately 135 000 to 140 000 ounces of gold . 18 an exploration programme in the tri k block of permits in guinea is ongoing and is focused on three main licences koul koun kodi ran and kodiafaran . the most advanced of these is koul koun with a mineral resource estimate of 2.15 million ounces . 16 kodi ran is the second largest with a maiden mineral resource of 0.87 million ounces . 16 management edit avocet mining s board consists of a non executive chairman four non executive directors and two executive directors . 1 references edit a b c d avocet mining final results 2011 cite error invalid ref tag ; name finalresults defined multiple times with different content see the help page . avocet mining prospectus interactive investor 2002 interactive investor 2007 general investor presentation avocet plans 73m takeover of wega mining this is money 14 april 2009 investegate avocet pours gold at inata in burkina faso avocet mining plc to be listed on oslo b rs fe investegate avocet closes mine due labour dispute digital look 13 may 2011 avocet mining joins main market december 2011 avocet mining joins main market as it seeks growth in africa daily mail 8 december 2011 mining sector avocet mining down after gold production falls stock wire 3 may 2012 avocet mining website burkina faso a b mining journal 2010 a b c d avocet mining unaudited results for the quarter ended 30 september 2012 cite error invalid ref tag ; name lse defined multiple times with different content see the help page . cite error invalid ref tag ; name lse defined multiple times with different content see the help page . cite error invalid ref tag ; name lse defined multiple times with different content see the help page . avocet mining website operations mineweb october 2012 external links edit official site retrieved from https en.wikipedia.org w index.php title avocet mining & oldid 647152232 categories companies based in londoncompanies established in 1995companies listed on the oslo stock exchangehidden categories pages with reference errorspages with duplicate reference names navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 14 february 2015 at 21 02 . text is available under the creative commons attribution sharealike license ; 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