Mining contributes less than 1% to Burkina Faso’s GDP. Mining investments in 1996 totalled 30 billion CFA against 20 billion CFA in 1995. During 1996, the Ministry of Energy and Mines granted 150 exploration permits which could lead to the creation of about ten new mines. The World Bank has also granted a loan of 10 billion CFA for the institutional reform of the mining sector.
The gold mining industry produces 2 tons of gold per annum. There is also exploitation of nickel and manganese.
Randex has a concession to explore for zinc.
The country has reserves of copper, iron ore, cassiterite and phosphate. There is also a manganese deposit at Tambao.
The industry is regulated by the Ministry of Geology, Energy and Mines.