Burkina Faso: Burkina Faso Launches First Gold Refinery
[Premium Times] According to a statement by the Burkina Faso government's Information Service, Mr Traore said Burkina Faso has "reached a historic milestone in its quest for economic independence."
Burkina Faso has inaugurated its first gold refinery, the RAFFINOR-BF refinery, marking a significant step in the country's drive for economic independence. The refinery, inaugurated in Ouagadougou by military leader Ibrahim Traore, aims to process domestic mineral resources and reduce reliance on primary exports. Traore emphasized that the refinery is part of the administration's plan to establish the entire value chain locally, transforming Burkina Faso into a regional gold-refining hub.
The refinery, costing over $19 million, boasts a capacity of 164 tonnes of gold per year, with plans to increase this to 515 tonnes in the future. The government financed the project through the National Precious Substances Company (SONASP) and private partners, all aiming to ensure that the gold produced locally is refined and utilized domestically.
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- Burkina Faso opens first gold refinery ghanaiantimes.com.gh
