Burkina Faso: Five strategic decrees adopted to structure the mining sector
President Ibrahim Traoré has presided over a Cabinet meeting that resulted in the adoption of five key decrees aimed at bolstering governance and restructuring the mining sector, a cornerstone of Burkina Faso’s economy.
One decree introduces strict regulations for activities related to gold and other precious substances, covering processes such as smelting, weighing, packaging, transportation, and quality control. These measures seek to enhance transparency and improve resource management.
Another decree mandates the establishment of strategic gold reserves, ensuring the country’s economic sovereignty and safeguarding its mining assets.
A third regulation imposes limits on the quantity of gold that can be held within national borders, aimed at combating smuggling and improving resource traceability.
The government also addressed social and environmental justice by approving compensation for victims and communities impacted by mining operations.
Additionally, a preemptive right for the state has been instituted, allowing the government to prioritize national interests in the acquisition and exploitation of strategic resources.
These reforms underscore Burkina Faso’s commitment to a transparent and equitable mining sector that benefits its citizens.
By reinforcing national sovereignty and promoting sustainable development, the government aims to transform the mining sector into a vehicle for long-term economic and social progress.
Olivier TOE
