Burkina Faso grants new gold mining licence to Russian firm

In order to create a joint venture to open a gold refinery and jewelry factory in Niger, the Niger government signed this week a partnership agreement with Kamlesh Pattni, the owner of Suvarna Royal Gold Trading company registered in Dubai. A partner whose identity and pedigree attract many criticisms in the country...

Burkina Faso’s Government Announces the Dismantling of Another Coup Attempt

The government of the African country accuses neighboring Côte d’Ivoire of housing coup masterminds On Monday, the evening of April 21, Burkina Faso’s military authorities announced that they had dismantled a “major plot” aimed at promoting a coup and “sowing total chaos” in the West African country. The announcement was made by the Minister of Security, Mahamadou Sana, who stated that the leaders of the coup attempt are allegedly based in Côte …

Burkina Faso grants new gold mining licence to Russian firm

Burkina Faso’s ruling military junta has granted a new gold mining licence to the Russian firm Nordgold, according to the minutes of a cabinet meeting seen by AFP on Friday. Gold production in Burkina Faso, which is moving closer to Russia diplomatically and militarily, accounts for around 14 percent of state revenue, according to official figures. “The Council of Ministers adopted a decree granting an industrial mining licence for a large gold …

This permit covers an area of 52.8 km2, with a total expected production estimated at more than 20.2 tonnes of gold in eight years.

Russia’s Nordgold Secures Mining Lease In Burkina Faso

By Enyichukwu Enemanna Junta-led Burkina Faso has granted an industrial mining licence to Russian miner Nordgold for a gold project, the West African country has announced, hoping to take advantage of record-high gold prices to stabilise its fragile economy. The deal comes as Burkina Faso seeks to deepen economic ties with Russia, while the junta, which seized power in 2022, continues to pivot towards Moscow for security and economic partnership…