The mining industry in Burkina Faso is growing at a rapid rate due to a combination of a stable elected democratic government, excellent geology and a competitive fiscal regime. Currently ten gold mines are in production or development in Burkina Faso (Essakane – IAMGOLD Corporation; Mana – SEMAFO; Inata – Balaji group; Youga – Avesoro; Taparko – Nordgold.; Hounde – Endeavour; Karma – Endeavour; Yaramoko – Roxgold; Komet – Guiro; and Bongou - SEMAFO). Gold mining production doubled between 2009 and 2010, and in 2012, Burkina Faso became the fourth largest gold producing country in Africa. The country has a legislated corporate tax rate of 27.5% for mining companies. The government is entitled to a 10% free carried interest and a competitive 3-5% sliding royalty on gold production. There is also a community development royalty of 1% of monthly revenues (before tax).