Burkina Faso: Mining reforms, a lever for sustainable development a lever for sustainable development

On November 20, 2024, the Burkinabe government approved a decree detailing the processes for awarding and managing mining titles. This decree is based on Law No. 16-2024/ALT, passed by the Transition Legislative Assembly on July 18, 2024. It is designed to transform the mining sector into a key driver of sustainable economic and social development in the country.

 

The government has outlined clear goals with these reforms. The primary objective is to maximize the economic benefits of mining for local communities and the nation as a whole.

 

This includes ensuring a fairer distribution of mining revenues and increasing contributions to the national budget for essential infrastructure projects.

 

Another key focus is to improve the transparency and accountability in the management of mineral resources.

 

By strengthening regulations surrounding the issuance and exploitation of mining titles, the government aims to combat corruption and monopolies within the sector.

 

Enhancing geological knowledge and better utilizing the country’s mineral resources is also a top priority.

 

The Bureau of Mines and Geology (BUMIGEB) will play a crucial role in conducting scientific and technical studies to improve resource management.

 

The new decree introduces several innovative measures to improve the sector’s inclusivity and efficiency.

 

These include categorizing mineral substances for better management, limiting the maximum area for exploration permits to 150 km², expanding semi-mechanized permits to support local small- and medium-sized enterprises, and limiting each beneficiary to a maximum of seven exploration permits to prevent resource concentration.

 

This decree reinforces Burkina Faso’s commitment to sustainable resource management, ensuring that the mining sector becomes a catalyst for economic growth, job creation, and environmental preservation for future generations.

 

Cédric KABORE

Posts Grid

NBA/Joel Embiid shines in comeback as Sixers defeat Bulls

Joel Embiid marked his return to the court in style, leading the Philadelphia 76ers to a 108-100 victory over the Chicago Bulls on Sunday, December...

Football/ La Liga: Griezmann’s leadership fuels Atlético’s title hopes

Antoine Griezmann delivered a masterclass performance to propel Atlético de Madrid to a dramatic 4-3 victory over Sevilla FC at the Metropolitano, reigniting the team’s...

Football/ Lionel Messi nominated for MLS MVP after Stellar debut season

Lionel Messi, at 37, has been nominated for the MLS Most Valuable Player (MVP) award following an impressive debut season with Inter Miami. Despite his...

Football/ Club World Cup 2025: Group Stage draw sets the Stage for Global showdowns

The much-anticipated draw for the 2025 Club World Cup has revealed thrilling group-stage matchups, setting the stage for a global football spectacle. With 32 teams...

Football/ Premier League: Arsenal outclass Manchester United to close the gap at the top

Arsenal capitalized on Liverpool’s slip-up with a commanding 2-0 victory over Manchester United, ending Ruben Amorim’s unbeaten start as United manager. Goals from Jurrien Timber...

Burkina Faso: improvement of quality of life under the vision of Captain Ibrahim Traoré

Since assuming the presidency, Captain Ibrahim Traoré has worked tirelessly to position Burkina Faso as a beacon of resilience and development. Through visionary leadership and...

Leave a Reply

Your email address will not be published. Required fields are marked *