First public gold mine marks new chapter for Burkina Faso’s economic sovereignty - mronline.org
First public gold mine marks new chapter for Burkina Faso’s economic sovereignty - mronline.org
Source: mronline.org
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DW NOTE
Burkina Faso produces 90 tonnes of gold annually and ships it to Switzerland at spot prices while borrowing to fund the budget. Nationalising the mine changes the nameplate on the export manifest, not the fact that the gold still leaves the country at commodity rates. State ownership only matters if it means keeping the metal.