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Burkina Faso Junta to Strengthen Control Over Mining Sector

  • West African nation looking to build gold refinery: Traore
  • Mined production has dropped amid Islamist insurgency
Gold Drops After US Jobs Data Keeps Fed on Hawkish Track

Photographer: Carla Gottgens/Bloomberg

Burkina Faso’s military rulers are seeking to process more of its gold locally to ensure control over the country’s main source of revenue following a drop in output.

Production sank 15% last year as the government battled a sprawling Islamist insurgency, with attacks increasingly targeting the mining industry. The West African nation, which exports the vast majority of its gold, is now looking to build a refinery to boost the value it gets from mining the commodity.