New Mining Code enhances State participation and oversight
18 Jul 2024
On 18 July 2024, Burkina Faso's Transitional National Assembly adopted a new Mining Code, which took effect on 31 July 2024. The new legislation aims to boost local participation and State oversight in mining, replacing the 2015 Mining Code for new permits.
The Code introduces two categories of exploration permits and six types of exploitation permits, customized for operation specifics and scale. Key features include stricter regulation on mineral operations, mandatory technical schedules for mineral titles, and a three-step permitting process for industrial exploitation, covering technical applications, environmental impact studies, and community development plans. Companies in mineral processing and sales, particularly gold, now require prior administrative authorization.
The Code aligns investment rules with broader laws on foreign exchange and taxation, restricting exemptions to exploration and a three-year preparation phase. It mandates local mineral processing and partial local ownership in mining firms, grants the State rights to acquire mining shares, and provides pre-emptive rights on mineral title transfers.
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Type:
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Entry and establishment (Ownership and control, Approval and admission)
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Treatment and operation (Operational conditions)
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Industry:
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Primary (Mining and quarrying)
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Sources:
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Government Portal, Nouveau code minier du Burkina Faso : les textes d’application soumis à l’appréciation des acteurs - Ministère de l'Energie, des Mines et des Carrières , https://www.energie-mines.gov.bf/accueil/details?cHash=475223827c8e12fd38fb01e7a24d2057&tx_news_pi1%5Baction%5D=detail&tx_news_pi1%5Bcontroller%5D=News&tx_news_pi1%5Bnews%5D=603, 15 Oct 2024
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Government, wakatsera, https://www.wakatsera.com/wp-content/uploads/2024/08/Loi-016-24-ALT-Portant-CODE-MINIER-DU-Burkina-Faso.pdf, 18 Jul 2024
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ENSAfrica, New mining code enacted in Burkina Faso: major changes to reinforce local regulation, ownership and transformation , https://www.ensafrica.com/news/detail/9259/new-mining-code-enacted-in-burkina-faso-major, 08 Oct 2024
