Home » Finance Trading Basics » Burkina Faso Cancels All Foreign Mining Licenses Burkina Faso Cancels All Foreign Mining Licenses Alexander Ross • Sep 27, 2026 • 2 min read Suspension of Foreign Mining Licenses⚠️Captain Ibrahim Traore suspended all foreign companies mining licenses, including those from Russia.🔍He took this revolutionary move after uncovering covert activities by foreign companies in Burkina Faso.💰He aimed to keep thousands of tons of gold inside Burkina Faso to benefit the country's development.International Scrutiny and Allegations🚫Expulsion of Russian mining giant Nord gold and rumors of favoritism towards other foreign players.⚖️Allegations of using mining profit to pay mercenaries and lack of transparency fueling international scrutiny.🌍TR's actions symbolize a fight for sovereignty and may inspire other African countries to assert control over their destinies. Share Article: Facebook Twitter WhatsApp Telegram Author Alexander Ross Alexander Ross has covered the video game industry for a decade, writing deep dives on game design, esports tournaments, VR developments, and gaming culture.