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Burkina Faso's Coup Roils West Africa's Prosperous Gold Mining Sector

Burkina Faso's military removed President Roch Marc Kaboré from office, suspended the constitution and dissolved the government and parliament last week, confirming a coup in a statement on the state broadcaster

Released Friday, February 04, 2022

Burkina Faso's Coup Roils West Africa's Prosperous Gold Mining Sector

Researched by Industrial Info Resources (Sugar Land, Texas)--Burkina Faso's military removed President Roch Marc Kaboré from office, suspended the constitution and dissolved the government and parliament last week, confirming a coup in a statement on the state broadcaster.

Will this development start a ripple effect that will decrease gold production across West Africa? The region had been known among gold investors and mining giants for its political stability, but the coup is spreading fears of what could happen under a military regime.

Industrial Info is tracking 36 gold-mining projects in Burkina Faso, with a total investment value of more than $1.8 billion. Subscribers to Industrial Info's Global Market Intelligence (GMI) Metals & Minerals Project Database can click here for a list.

Across West Africa, Industrial Info is tracking 203 gold-mining projects worth more than $12.7 billion. Subscribers can click here for a list.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.

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