The Beninese government authorized the contracting with an experienced firm at the Council of Ministers on Wednesday 17 July to implement this model, which will serve as a legal framework between the State and mining companies.

Benin wants to have a standard contract for the exploitation of gold. The minutes of the government meeting mention this initiative aims to obtain a harmonized and transparent framework in the sector, in order to preserve the interests of the State. According to Comtrade data, Benin exported $389 million worth of gold in 2022. Although it has gold potential, Benin is above all a transit point for gold from neighboring countries to destinations such as the United Arab Emirates or Lebanon