Burkina Faso opens first gold refinery
Burkina Faso has opened its first gold refinery as the military-led government seeks to process more of the country’s mineral wealth at home and tighten its control over one of its most important industries. Junta leader Ibrahim Traoré said the move was part of a wider effort to end the country’s reliance on exporting raw … The post Burkina Faso opens first gold refinery appeared first on…
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: Burkina Faso Launches First Gold Refinery allafrica.com
