Is there any country in the world where the president can expel all foreign gold mining companies exploiting the country's gold? Well, until now, there was not. However, Captain Ibrahim Traore of Burkina Faso has made history by taking such a revolutionary step. It took him some time before making this move, but he has created a circle of the most powerful people on his side.
Captain Ibrahim Traore has suspended all foreign mining licenses, including those held by Russian companies. So, what led to this decision? It appears that he discovered covert activities being carried out by foreign companies in Burkina Faso. This compelled him to cancel their licenses. The question now is, what does he plan to do with the thousands of tons of gold that will remain within Burkina Faso?
Upon assuming power, Captain Ibrahim Traore was astonished that Burkina Faso, despite having significant gold reserves, remained one of the world's poorest nations. He realized that France, Burkina Faso's former colonial power, played a role in obstructing the development of an independent gold mining industry in the country. France imposed unfair trade agreements on Burkina Faso during both the colonial period and the post-independence era, ensuring that France disproportionately benefited from Burkina Faso's gold resources.