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NEWSWIRE

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Burkina Faso Tightens Grip on Gold as Traoré Targets Foreign Mines

31/8/2025

 
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Image by Martin Foskett / Knelstrom Media
​By Martin Foskett | Newswire | Knelstrom Media
​OUAGADOUGOU, BURKINA FASO — 29 August 2025. Burkina Faso has taken a decisive step in its campaign to assert state control over its mineral wealth, formally seeking a 35 per cent stake in the Kiaka gold mine, one of the country's most significant new mining projects. The move has sent signals well beyond Ouagadougou, triggering a trading halt for its Australian operator and unsettling an industry that has long been accustomed to distant oversight and offshore profits.

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