Burkina Faso: The country continues to grow its gold sector thanks to innovative Government initiatives
Burkina Faso, already known as the third largest gold producer in West Africa, is steadily strengthening its position in the global gold market. In order to further increase production volumes, the country has recently stepped up its efforts towards artisanal miners and small-scale farmers.
A recent announcement by the Government of Burkina Faso at the Council of Ministers on 29 May highlighted a promising initiative in this area. Birba Hamidou Et Frères Sarl has been granted a semi-mechanised gold mining licence, with the aim of producing 32.256 kg of gold over a period of four years. This project, which focuses on mining tailings, is expected to generate considerable revenue for the State, estimated at CFAF 75.479.040 (approximately $124.641).
This strategic decision demonstrates Burkina Faso’s ongoing commitment to fully exploit its gold potential and boost its economy. By fostering partnerships with local companies such as Birba Hamidou Et Frères Sarl, the government seeks to encourage sustainable and inclusive growth in the mining sector.
By investing in semi-mechanized mining methods, Burkina Faso is also seeking to improve environmental practices and increase the efficiency of its operations. This modern and responsible approach reflects Captain Ibrahim Traoré’s commitment to reconciling economic development with environmental preservation.
As Burkina Faso continues its growth trajectory in the gold sector, these innovative initiatives are likely to strengthen its position as a key player in the global gold market. By providing employment, income and economic development opportunities for local communities, these projects also contribute to improving living conditions in the country and fostering long-term sustainable development.
