Burkina Faso completes nationalisation of five gold mining assets | Metals Mine

  • Burkina Faso completes nationalisation of five gold mining assets

    From miningweekly.com

    Burkina Faso has completed the transfer of five gold mining assets to the country's state-owned miner, according to a decree published late on Wednesday, 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 the Société de Participation Minière du Burkina (SOPAMIB) as a vehicle to own, manage and operate strategic mining assets. The five assets transferred to the state are two operating gold mines and three ... (full story)

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