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sharing in governance of extractive industries

A New Mining Code in Burkina Faso: What Does It Entail for Mining Companies?

Last June, Burkina Faso’s transitional parliament nearly unanimously (77 legislators on 78 in favour) passed a new mining code that will ensure communities benefit more from the country’s raw materials. This new code – which replaces former mining regulations of the past 12 years – was among the World Bank’s requirements for an investment of $100 million to support the West African country’s development. In addition to the mining code, the country also passed an anti-corruption law last March.

Communities eagerly awaited these two legislations: street demonstrations of October 2014 forced President Blaise Compaoré to step down (after nearly 30 years in power) and to flee the country.

How will the recent coup d'état affect the new mining code and its implementation?

Read more.

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