Burkina Faso: New Mining Code Adopted | Global Legal Monitor
(July 21, 2015) Burkina Faso’s National Transitory Council (Conseil National de la Transition, CNT, the country’s interim parliament) adopted a new mining code on June 26, 2015, to replace the 2003 code.Burkina Faso - EY,Fiscal consolidation of Burkina Faso companies, equivalent to a consolidated filing position, is not available in Burkina Faso. Mining royalties General Mining companies are subject to three types of royalties and contributions: flat fees, surface fees and tax on mining and quarry substances and products. Flat fees2015 BURKINA FASO MINING CODE - Mayer Brown,2015 BURKINA FASO MINING CODE Local Preference The code introduces several obligations in support of local business and employees. It requires, for example, that mining companies give preference to qualified local employees, businesses and contractors. Similarly, mining companies are required to provide professional training to local managers.