Houndé: The Houndé gold Operation (HGO) mining company , a subsidiary of the Endeavor Mining group , organized a capacity building session for the benefit of economic actors in the Tuy province as part of its local content policy, on Thursday March 7, 2024 in Houndé .The Houndé Gold Operation (HGO) mine is concerned about the market share of local companies in its supply of goods and services.To give local suppliers more opportunity, it initiated a capacity building session on Thursday March 7, 2024 in Houndé for the benefit of economic actors in the Tuy province .The second of its kind, this training, according to the general director of HGO, Adama Savadogo , is part of the mine's commitments relating to the local content policy.Mr. Savadogo revealed that in 2023, HGO made more than 110 billion purchases with companies at the national level, including 5 billion at the Houndé level .For him, this training aims to improve the capacities of local economic players to enable them to increase their marke t share with the mine.'This training will make it possible to take stock of the markets that the players were able to garner in 2023 and present the market potential for 2024,' explained Adama Savadogo .According to the CEO, at the end of the session, the HGO mine hopes to see economic actors committed to meeting the challenges so that the amount of 5 billion CFA francs for local purchases in Houndé by 2023 increases to 20 billion CFA francs or even 50% of its investments in terms of purchasing goods and services.In his presentation of the results of the local purchasing plan for 2023 and the forecast supply plan for the year 2024 of the mine, the director of purchasing and supplies of HGO, Guy Modeste Damiba , indicated that the forecasts of goods and services by 2024, amount to more than 183 billion CFA francs.Purchase forecasts by area show 30,334,577,460 F CFA for fuel and lubricant, 1,895,737,761 F CFA for catering, 108,936,993 F CFA for office equipment, etc.For the local purchasing manager of the Endeavor Mining group , Balla Niambélé , it was a matter of discussing the local content strategy and the purchasing process, on the one hand, and on the supplier code of conduct. , on the other hand.Regarding strategy, Mr. Niambélé suggested that the mine makes local content an 'operational' priority.In his presentation, he also explained to participants compliance with legislation and contractual obligations at Endeavor Mining .As such, he urged economic actors in the Tuy province to move beyond the informal sector to develop their activities in the formal sector.The discussions after the various communications allowed economic actors as well as civil society actors present at the meeting to submit their concerns and make pleas to mine officials.These discussions revealed that several local suppliers have difficulties, particularly in terms of financing and capacity to benefit from mining markets.To meet these challenges, several local economic players have committed to organizing themselves into an association to apply for HGO markets.This is the case of the president of the traders of the central market of Houndé , Fatoumata Guiré , who was delighted to have participated in this session.According to her, this training made it possible to discover the market opportunities of the HGO mine.'We women plan to form an association to apply for mining markets,' she saidSource: Burkina Information Agency