Burkina Faso Transfers Key Gold Mines to State

Burkina Faso nationalizes five assets, displays risks of investing in Africa

Burkina Faso nationalizes five assets, displays risks of investing in Africa as it joins other countries in stealing gold producers work

Burkina Faso nationalises gold mining assets, shifting control to state-owned miner

The government of Burkina Faso has completed the nationalisation of five gold mining assets, transferring ownership to the state-owned miner, Société de Participation Minière du Burkina (SOPAMIB).The post Burkina Faso nationalises gold mining assets, shifting control to state-owned miner appeared first on Mining Technology.

Burkina Faso transfers key gold mines to state

Burkina Faso has finalized the transfer of five gold mining assets to its state-owned miner, a decree published Wednesday confirmed. This move, part of a process initiated last August, aims to enhance state control over the nation’s mineral resources. Aligning with neighbors Mali and Niger, Burkina Faso revised its mining code last year and established Société de Participation Minière du Burkina (SOPAMIB) to manage strategic mining assets. The t…

Burkina Faso completes nationalisation of 5 gold mining assets

Burkina Faso has completed the transfer of five gold mining assets to the country’s state-owned miner, finalising a process that began in August to increase control over its mineral resources. Like its neighbours Mali and Niger, Burkina Faso is seeking to control a larger share of its resources after revising its mining code last year. It has established …