In light of the ongoing political and security upheaval across parts of West Africa, a leading mining industry lobby group is calling for a radical shift in how mining operations are structured in the region. The group has urged international mining companies to prioritize joint ventures with local firms and to list on local stock exchanges as a way to stabilize and deepen economic ties with host countries.
The call comes amid a turbulent backdrop of coups, policy changes, and social unrest in several West African nations, including Mali, Burkina Faso, and Niger. These developments have heightened concerns among investors about the security of assets and long-term sustainability of mining projects in the region, which is rich in gold, bauxite, iron ore, and other critical minerals.
Speaking at a recent regional mining conference, the lobby group emphasized that joint ventures between foreign investors and local mining companies can create a more inclusive and resilient mining sector. “We believe that integrating local expertise and capital through joint ventures will not only enhance community trust but also provide a buffer against abrupt policy shifts and political instability,” said the group’s spokesperson.
The group also stressed the importance of listing mining firms on local stock exchanges such as the Bourse Régionale des Valeurs Mobilières (BRVM), which serves eight West African countries. “By listing locally, mining companies demonstrate long-term commitment and allow domestic investors—including pension funds and retail investors—to have a stake in the natural resources sector,” the spokesperson added.
In recent years, mining has become a critical economic driver for many West African economies, contributing substantially to GDP and export earnings. However, local communities and governments have often expressed frustration over what they see as limited benefits from the exploitation of their natural resources.
Policy experts note that the region’s instability has exposed vulnerabilities in the current foreign-dominated mining model. “Mining companies operating in West Africa must rethink their strategies. A more localized approach—whether through ownership, employment, or capital markets—can help mitigate risks and foster greater economic stability,” said Dr. Samuel Fofana, an economist specializing in resource governance.
Several countries in the region are also revising their mining codes, increasing royalties, and tightening regulations around foreign ownership. These changes reflect growing efforts to ensure that mining wealth translates into tangible development outcomes for local populations.
Investors are paying close attention. While some fear the added regulatory burdens and potential dilution of ownership, others see opportunity in stronger partnerships that align with the evolving policy landscape.
Looking ahead, the lobby group is planning to release detailed guidelines for mining firms on best practices for structuring joint ventures and pursuing local listings. It is also engaging with governments to harmonize policies that can attract sustainable investment while ensuring broader economic participation.
As West Africa navigates its current period of upheaval, the push for deeper local integration in the mining sector is gaining traction, signaling a potential paradigm shift in how the region’s vast mineral wealth is harnessed.
