ABUJA – Normal Michael Langley, head of america Africa Command (AFRICOM) throughout a U.S. Senate listening to, accused Captain Ibrahim Traore, President of Burkina Faso, of “utilizing the nation’s gold reserves for private safety quite than for the good thing about its individuals.”
Burkina Faso is one in every of Africa’s largest gold producers, but additionally has copper, zinc, manganese, and phosphates.
The federal government by means of Captain Traore nationalise a number of gold mines at a value of about U.S. $80 million. The Boungou and Wahgnion mines have been additionally offered final yr by London-listed Endeavour Mining to Lilium Mining for U.S. $300 million.
On August 27, the mines have been bought by Burkina Faso’s authorities for a fraction of this price, the federal government additionally constructed a gold refinery to course of its gold quite than taking it to the West.
Right now, the US authorities and its ally France who’re desperate to take over the nation’s assets are accusing Burkina Faso chief for utilizing its gold for cover.
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