Burkina Faso’s government, which wants to diversify its partners after a coup, has decided to give the Russian company Nordgold a new gold mine, according to a Council of Minister’s report released on Thursday.
the interim government in Burkina Faso has decided to give the Russian company Nordgold a new gold mine.
The decision is part of the military’s desire to diversify its partners in the country, which has been in power since the coup.
According to the government, this four-year mining permit at the Yimiougou site (in the north-central region of Burkina Faso) covers an area of 31.44 km2 and total production is estimated at 2.53 tonnes.
Nordgold group already operates three of its deposits in the north of the country. At around 70 tons annually, gold, produced by 17 industrial mines, is Burkina Faso’s first export in over a decade.