George_V2
Oct 1, 7:24 PM
$BTG $BTO.TSX Burkina Faso inaugurated its first-ever state gold refinery, named RAFFINOR-BF, in Ouagadougou in September 2026.
Overview of the Project
β’ Capacity: Designed to process roughly 150 to 164 tonnes of gold annually.
β’ Goal: End decades of exporting raw gold abroad for processing (such as to Switzerland, South Africa, or China) and keep the mineral wealth and value chain local.
Foreign mining firms are now required to give the state a 15% stake in their operations and train local workers.
The authorities also suspended exports of gold produced by artisanal and semi-mechanised mines in 2024, saying the move was intended to improve regulation of the sector.
https://www.arise.tv/burkina-faso-opens-first-gold-refinery-to-keep-mining-wealth-at-home/
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