Burkina Faso’s mining sector, especially gold, is central to its economy and offers strong opportunities for U.S. exports and investment. As a major gold producer in Africa, the sector attracts foreign investment, primarily from Canadian, Australian, and U.K. firms, but also presents prospects for U.S. companies. In 2024, the Transition Authorities amended the mining code to enhance local content and increase state oversight.

Overview

Most U.S. exports to Burkina Faso related to the mining sector are machinery, vehicles, and other equipment. While detailed market size data is not fully available, U.S. exports of machinery and vehicles increased substantially since 2015.

Table: U.S.-Burkina Faso Trade (US$, millions)

Source: Burkina Trade Statistical Report, 2023

Leading Sub-sectors

• Mining Equipment and Technology: U.S. companies are well-positioned to supply advanced machinery, parts, and maintenance services.

• Geophysical Mapping and Consulting: Expertise in these areas is highly valued by mining companies operating in the country.

• Logistics and Security: Due to the landlocked nature and security challenges, there is a strong demand for logistics and security solutions.

Opportunities

• U.S. companies can find opportunities in supplying mining equipment, providing specialized services, and engaging in financing.

• The Transition Authorities have provided incentives such as tax breaks to attract foreign investment.

• Burkina Faso holds untapped potential in critical minerals with promising deposits of manganese, zinc, nickel, aluminum, cobalt, lithium, and copper.

Resources

• U.S. Embassy in Burkina Faso: The Embassy’s Economic and Commercial section can help.

• Extractive Industries Transparency Initiative (EITI): Burkina Faso’s page