Burkina Faso's Traoré Launches First Gold Refinery
On September 28, Burkina Faso inaugurated its first gold refinery, the Raffinerie Nationale d’Or du Burkina Faso (RAFFINOR-BF), in Ouagadougou. President Ibrahim Traoré stated that the country must progress beyond merely extracting minerals and should develop the entire value chain locally.
The refinery, which cost over 11 billion CFA francs ($19 million), will facilitate gold refining, assaying, certification, and secure storage within the country. This initiative is part of the military-led government's strategy to increase national control over the mining sector and retain a larger share of the economic value generated from mineral resources.
The facility is designed to process gold from both industrial and artisanal mining operations, converting doré gold into refined bars. Traoré expressed a vision for Burkina Faso to no longer be a nation that exports raw materials for processing abroad, linking the refinery to a broader agenda of industrialization, job creation, and local development.
Plus234Feed summary based on reporting from The Will. Read the original report below.
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