Across Burkina Faso and neighboring gold-producing nations, the vast majority of artisanal mining output avoids formal channels, depriving governments of billions and undermining regional security.
Burkina Faso's Minister of Energy, Mines and Quarries, Yacouba Gouba, has announced an immediate suspension of gold and other precious metals exports from artisanal and semi-mechanized mines, according to a press release issued February 20.
The action aims to "clean up the sector and better organize the marketing of gold and precious substances," the statement said. Miners can sell their production during the suspension period to the state-owned Société Nationale des Substances Précieuses (SONASP), though the selling price remains unclear.
Burkina Faso faces a significant challenge with unregulated artisanal gold production, mirroring a regional trend. In 2019, then-Minister of Mines Oumarou Idani told Reuters only 200-400 kg of the estimated 9.5 tons of annual artisanal gold output was declared officially.
Beyond lost tax revenue, illicit gold exports fuel insecurity in Burkina Faso and the wider Sahel region. A February 7 report by the Economic Community of West African States (ECOWAS) highlights the involvement of armed groups in the Sahel region, who either tax or directly engage in artisanal gold mining activities. To combat this, the report advocates for formalizing artisanal and small-scale mining across the region. Proposed solutions include establishing cooperatives for miners to share resources and creating designated gold mining zones.
Emiliano Tossou
Omer-Decugis & Cie acquired 100% of Côte d’Ivoire–based Vergers du Bandama. Vergers du Band...
Benin says a coup attempt was foiled, crediting an army that “refused to betray its oath.” ...
Eritrea faces some of the Horn of Africa’s deepest infrastructure and climate-resilience gaps, lim...
In Cotonou, Benin’s economic capital and home to the country’s leading institutions, the situation r...
GSMA outlines reforms needed to meet targets of the New Technological Deal 2034 High mobile taxes...
Nigeria approves upgrade of VHF radio systems at major airports Project includes new biometric portals, scanners, and passenger guidance...
Investment bank BCID-AES established in Bamako Bank aims to fund infrastructure, agriculture, and energy projects in member states Key decisions...
This week’s health update shows Africa edging closer to the end of the mpox public health emergency, even as the continent continues to face the ongoing...
Chocolate giants linked to deforestation via indirect cocoa sourcing in Liberia Global Witness says opaque supply chains mask origin of uncertified...
MoMA opens Pan-African portrait photography exhibition on December 14 Show explores mid-20th century African identity and political...
Cameroon’s REPACI film festival returns Dec. 11-13 with 135 short films Events include screenings, masterclasses, panels on social cinema and...