• 4 minutes Oil Price Editorial: Beware Of Saudi Oil Tanker Sabotage Stories
  • 7 minutes Mueller Report Brings Into Focus Obama's Attempted Coup Against Trump
  • 11 minutes Magic of Shale: EXPORTS!! Crude Exporters Navigate Gulf Coast Terminal Constraints
  • 14 minutes Wonders of Shale- Gas,bringing investments and jobs to the US
  • 1 hour Is $60/Bbl WTI still considered a break even for Shale Oil
  • 4 hours Prosecutors Fine Bosch 90 Million Euros For Emissions Cheating Role
  • 2 hours Evil Awakens: Fascist Symbols And Rhetoric On Rise In Italian EU Vote
  • 5 hours Apple Boycott in China
  • 4 hours California's Oil Industry Collapses Despite Shale Boom
  • 11 hours Level-Headed Analysis of the Future of U.S. Shale Oil Industry
  • 11 hours Why is Strait of Hormuz the World's Most Important Oil Artery
  • 4 days Some Good News on Climate Change Maybe
  • 3 hours IMO2020 To scrub or not to scrub
  • 2 hours Devastating Sanctions: Iran and Venezuela hurting
  • 43 mins Trump bogged down in Mideast quagmire. US spent $Trillions, lost Thousands of lives, and lost goodwill. FOR WHAT? US interests ? WHAT INTEREST ? . . . . China greatest threat next 50 years.
  • 3 hours IMO 2020 could create fierce competition for scarce water resources
  • 3 hours Misunderstanding between USA and Iran the cause of current stand off, I call BS
Alt Text

What The Market Is Overlooking In The Occidental Deal

Occidental Petroleum has caught a…

Alt Text

This Supermajor Is Leading The Energy Sector

This supermajor has been standing…

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:




Download The Free Oilprice App Today

Back to homepage

Trending Discussions


Leave a comment

Leave a comment




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