The extractive sector generated 236.59 billion FCFA income in the first half of 2024, including 225.49 billion FCFA allocated to the state budget. According to the EITI report on the first half of 2024, relayed by the observer, the mining sector contributed to 79.19 %, against 19.36 % for the hydrocarbon sector.
The National Committee of the Initiative for Transparency in Extractive Industries (CN-ITIE) has released its ETI conciliation report on the period of the first half of the fiscal year 2024. This is a report according to a structured process, which includes the compilation of contextual and financial data, the rapprochement of payments and revenues, as well as the investigation of identified differences. For the first half of 2024, the total income generated by the extractive sector amounts to 236.59 billion FCFA, including social and environmental payments, including 225.49 billion FCFA were assigned to the state budget. The observer stresses that this amount represents 64 % of the total income generated over the year 2023.
The mining sector has greatly contributed to this windfall, with 187.35 billion FCFA (79.19 %), which is equivalent to 56.36 %of the total income for the 2023 financial year. The hydrocarbon sector, for its part, reported 45.79 billion FCFA (19.36 %), while the total social and environmental payments amounts to 3.44 billion FCFA (1.45 %).
The commercial value of production of the mining sector, as declared by mining companies, amounts to 598.6 billion FCFA. The gold occupies the largest part, with an estimated production of 154.46 billion FCFA, followed by cement, with 2,527,640 tonnes for 120.56 billion FCFA. Phosphoric acid, with 85.15 billion FCFA, completes the top trio, followed by ilmenite (42.16 billion) and phosphate (32.99 billion). According to the observer, exports in the mining sector for the first half of 2024 are estimated at 468.4 billion FCFA, with phosphoric acid in first place (30.04 %, or 140.72 billion FCFA), followed closely by gold (29.29 %, or 137.22 billion FCFA) and cement (54.7 billion FCFA).
Hydrocarbon sector income
Still according to the EITI report quoted by the observer, income from the hydrocarbon sector experienced an increase of 15.14 billion FCFA, from 30.65 billion FCFA in 2023 to 45.79 billion FCFA in the first half of 2024. This increase is mainly due to payments made by the company Woodside Energy Senegal, Exceptionally set in 2024, for operations amounting to 3 billion FCFA and 21.7 billion FCFA.
The production of the hydrocarbon sector in the first half of 2024, as declared by Petrosen and Strong, is estimated at 251,714,595 of FCFA. In addition, companies in the extractive sector carried out, during the first half of 2024, compulsory and voluntary social expenses which reached an amount of 2.5 billion FCFA. Environmental expenses and payments have reached 972.1 million FCFA, and the volume of transactions made to local and foreign suppliers of oil and mining companies amounts to 862.8 billion FCFA, including 632.3 billion FCFA for the mining sector. According to figures published by the observer, 39.64 % of these transactions were made to local suppliers.
The EITI report also reveals that 11 among the 26 companies having submitted a declaration form employed 1,773 people in the first half of 2024, with a majority of 92 % of nationals. The overall declared payroll is 19.78 billion FCFA, including 18.99 billion FCFA for employees in the mining sector and 0.78 billion FCFA for those in the hydrocarbon sector.
