Burkina Faso’s vanishing gold boom puts livelihoods at risk – by Anne Mimault and Helen Reid (Reuters – November 28, 2022)


OUAGADOUGOU, Nov 28 (Reuters) – A gold mining boom in Burkina Faso over the last decade propelled Boukary Diallo from being a vendor on a market stall to running a meat business supplying a mine near Ouahigouya, his home town in the north of the country.

But as the West African country loses territory to Islamist militants and lurches from coup to coup, threatening to turn the boom to bust, Diallo is concerned he will be unable to retain all of his ten employees.

“Things are getting tight,” Diallo, 42, told Reuters by phone. “If the mine doesn’t start up again in December, I will have to let some people go.” Karma mine, which Diallo supplies, was closed in June after a militant attack that left one worker and one soldier dead.

Acquired by Burkina-based firm Néré Mining from Endeavour Mining (EDV.L) in March, Karma is one of at least four gold mines that halted production this year because of security risks.

For the rest of this article: https://www.reuters.com/markets/commodities/burkina-fasos-vanishing-gold-boom-puts-livelihoods-risk-2022-11-28/