Burkina

Burkina Faso has taken a monumental step toward asserting control over its natural resources by officially transferring five gold mining assets to its state-owned mining company. This move marks a pivotal moment in the nation’s efforts to enhance its sovereignty and economic position in the global mining industry. This transition was confirmed through a decree published late Wednesday, signaling the completion of a process that began in August 2023. The government’s actions reflect a growing desire to centralize management…

Burkina Faso's Bold Move to Enhance National Profit in Gold Mining In a significant development for its mining landscape, Burkina Faso has officially increased its free-carried equity stake in key gold mining projects from 10% to 15%. This change comes in line with the provisions outlined in the new Mining Code, which was adopted in August 2024. It's a pivotal moment, one that reflects a larger narrative of national sovereignty and economic empowerment. This adjustment affects several prominent mining assets, including…

The Future of Gold Production in Burkina Faso: A Professional Insight Burkina Faso is gearing up for a significant boost in its industrial gold production by 2025. This growth is largely fueled by key developments, including the ramp-up of Soleil Resources International Ltd.'s operational projects and the expected commencement of output from a new mine managed by Australia’s West African Resources Ltd. According to Aristide Belemsobgo, the Director General of Mines and Geology at the Ministry of Energy, Mines and…

Burkina Faso and Senegal, both significant players in West Africa, are intricately linked by their historical, cultural, and geopolitical narratives. Their intertwined stories play a vital role in shaping bilateral relations that are growing increasingly relevant in today's complex world. The proximity of these nations within the Sahel region, despite not sharing a direct border, acts as an invisible thread connecting them—woven through a shared commitment to tackling significant security concerns. In recent…

In the wake of a thwarted coup in Burkina Faso on April 21, a wave of solidarity swept across Africa. From vibrant demonstrations in bustling city squares to impassioned gatherings in quieter communities, thousands rallied in support of their revolutionary leader, Captain Ibrahim Traoré. They stood united against what many perceived as foreign meddling aimed at destabilizing their nation. Describing the coup attempt as a calculated maneuver to "sow total chaos," the government emphasized its commitment to preserving…

In a significant pivot, Burkina Faso is gearing up to enhance its governance over foreign-owned industrial mines. This move, articulated by its Prime Minister, reflects the nation’s desire to secure a more substantial share of revenue from its rich natural resources. After all, in a world where resources can dictate power dynamics, isn’t it only prudent for countries to assert their rightful control? The shift comes on the heels of similar actions taken by neighboring nations, notably Mali and Niger. In a bold stride…

The Evolving Dynamics of Morocco and the Sahel Alliance The recent announcement made during a meeting with King Mohammed VI in Rabat marks a significant shift in regional dynamics, as reported by the Moroccan state news agency. The implications of this meeting may extend far beyond the realm of politics, spilling into the economic and social fabric of the Sahel region and its neighboring states. The three landlocked nations of the Sahel—Mali, Niger, and Burkina Faso—find themselves in a unique and precarious situation.…

At just 36, Captain Ibrahim Traore has carved a remarkable niche for himself as the youngest head of state globally, seizing control through a military coup in 2022. Yet, beneath the veneer of youthful vigor lies a precarious foundation; Traore himself has weathered numerous attempts at coups, making his position seem less a triumph and more a continual struggle for stability, as observed by Enoch Randy Aikins, a researcher at the Institute for Security Studies. Since taking office, Traore has voiced a fervent commitment to…

Burkina Faso's military-led government has recently moved to secure its economic future by granting an industrial mining license to Nordgold, a Russian company. This new gold project is a strategic step for the West African nation, which seeks to leverage soaring gold prices to bolster an economy still reeling from continued insecurity. The decision comes at a crucial time. Amid a backdrop of turmoil and unrest, Burkina Faso looks toward gold, not just as a precious metal but as a lifeline. According to a report by Reuters,…

In recent developments, the military in Burkina Faso has raised serious allegations regarding a coup plot that reportedly had its roots in neighboring Ivory Coast. The specifics regarding the identities of those involved and the intricacies of their plans are still somewhat murky. However, the implications of such actions are profound and warrant careful consideration. Mahamadou Sana, Burkina Faso’s Security Minister, recently provided insights into the situation. He revealed that the alleged coup was orchestrated by a…