• 5 minutes Trump vs. MbS
  • 9 minutes Saudis Threaten Retaliation If Sanctions are Imposed
  • 15 minutes Can the World Survive without Saudi Oil?
  • 32 mins WTI @ $75.75, headed for $64 - 67
  • 7 hours Petrol versus EV
  • 2 hours EU to Splash Billions on Battery Factories
  • 7 mins US top CEO's are spending their own money on the midterm elections
  • 9 hours The Dirt on Clean Electric Cars
  • 50 mins OPEC Is Struggling To Deliver On Increased Output Pledge
  • 1 hour The Balkans Are Coming Apart at the Seams Again
  • 2 hours U.N. About Climate Change: World Must Take 'Unprecedented' Steps To Avert Worst Effects
  • 12 hours E-mopeds
  • 3 hours 10 Incredible Facts about U.S. LNG
  • 32 mins Uber IPO Proposals Value Company at $120 Billion
  • 21 hours Closing the circle around Saudi Arabia: Where did Khashoggi disappear?
  • 22 hours The end of "King Coal" in the Wales
  • 23 hours These are the world’s most competitive economies: US No. 1
Dave Forest

Dave Forest

Dave is Managing Geologist of the Pierce Points Daily E-Letter.

More Info

Trending Discussions

A Short, But Potentially Critical, Mining Change

Quick update on the developing situation in Africa's important mining center, Burkina Faso.

The new transitional government of that nation announced last week that it is making some important shifts in mining policy.

Perhaps most importantly, officials said they will "review" existing mining contracts in the country. Which were signed under the previous government of president Blaise Compaore--who was deposed in a coup in October, ending his 27-year rule.

Related: This Gold-Rich Nation Finally Opened Up

Although few details were given, such moves are always unsettling. Especially when a major change of government is involved--potentially opening the door for new regulators to amend or even nullify contracts.

On the plus side, the new Burkina Faso government also said it is looking to amend its mining code. Apparently with the aim of making the sector more attractive to incoming investors.

That could be an important development, given the significant gold potential identified in the country to date.

Related: This Top-Five Gold Producer Is In Chaos

There is also noted prospectivity here for zinc and lead--as well as silver, copper and nickel.

Watch for more news on the outcomes of contract reviews--and be prepared for some possible changes to current projects in the country.

Further out, look for details on the new mining code. Which could open up new exploration and development opportunities here.

Here's to changes,
Dave Forest

More Top Reads From Oilprice.com:


x


Back to homepage

Trending Discussions


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News