Russian private security companies are competing for protection contracts at the Bissa gold mine in Burkina Faso, operated by Nordgold, linked to billionaire Alexey Mordashov's family.
The security dispute arises as Burkina Faso faces ongoing threats from armed groups, forcing mines to enhance protection with private contractors and state support.
Bissa Gold, majority-owned by Nordgold, produced 4.52 tonnes of gold in 2024, generating significant revenue for Burkina Faso, but output and mining security remain affected by regional instability.
The contractor rivalry coincides with potential $1 billion sale discussions for Nordgold's Burkina Faso assets, amid increasing cooperation between Burkina Faso and Russia.
