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Author: Admin | 2025-04-28
Figure. These nations have also made the news lately with government action to regain control over supply chains.For instance, in September, Ghana’s government announced plans to commission its first greenfield gold mine since 2013. The mine, Cardinal Namdini, is due to be commissioned in November 2024 and is expected to produce more than 350,000oz of gold per annum. The country also launched its first commercial gold refinery this year.In August, Burkina Faso’s Government also made headlines with its deal to regain control of the Wahgnion and Boungou mines outside of Ouagadougou, following a legal dispute between Endeavour Mining and Lilium Mining. This signalled a renewed push for governments in the region to regain control over their own resources.This focus can also be seen in regulatory action. Last year the Government of Mali adopted new mining codes to limit tax breaks and ensure it receives a greater proportion of profits from its mines, expanding government and locals’ engagement in mineral projects.“West African countries are actively modernising their mining sectors,” explains Vinneth Bajaj, senior mining analyst at GlobalData. “They are enacting comprehensive laws and regulations to govern exploration, operations and environmental standards, and offering attractive incentives, including tax breaks and streamlined administrative processes, to encourage foreign investment in the mining sector.”Yet despite this seemingly positive outlook, production of the metal is projected to decline by more than 1% between 2025 and 2030, with political instability and illegal mining activities proving a deterrent to investors despite the region’s mineral wealth.Barriers to mine developmentTheo
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