Located near the border with Niger and Mali, the deposit is estimated to contain more than 100 million tons of the metal, which is primarily used in steel production, reported Reuters.
PAM chairman Frank Timis was quoted by the news agency as saying: "The Tamboa project is an integrated project with a mining component and an infrastructure component, notably through the roads, railway and the port…."
"This project will happen in the next three years and will require investment of nearly $1 billion."
The company had been awarded the exploration rights for Manganese deposit in 2012; however, the permit has been granted now.
Production at the mine is expected to be around three million tons a year.
Burkina Faso’s mines minister Salif Kabore said that the extraction from the mine is planned to commence in July and would be available for sale on international markets from December this year or January 2015.
PAM, a subsidiary of the Timis Corporation, said that the manganese shipments by road will begin in October.
