Burkina Faso to Withdraw Mining Permits from Western Corporations to Boost Domestic Gold Production

Oct 5, 2024, 03:06 PM

Burkina Faso has announced plans to withdraw mining permits from foreign companies, including Western corporations, as part of a strategy to increase domestic gold production. The country's junta leader stated that Burkina Faso intends to mine its gold exclusively on its own, questioning the necessity of allowing multinational corporations to operate in the sector. This move is seen as an effort to assert greater control over natural resources and produce more of its own gold, boosting the nation's economic independence.