Burundi Reviews Mining Contracts to Ensure Fair Benefits
Burundi is undertaking a review of its mining contracts to address imbalances that have historically disadvantaged the country. The government aims to establish partnerships that are beneficial to all parties involved, without revoking existing operating licenses. Despite possessing significant mineral resources, including gold, tin, and rare-earth elements, Burundi's mining sector contributes minimally to the national budget. The government has expressed concerns over fraudulent mineral sales and the lack of local processing, which prevents the country from realizing the full value of its resources. The new Mining Code introduced aims to foster equitable partnerships and improve transparency.