Traoré's $19M Gold Refinery | How Burkina Faso Is Keeping Its Wealth
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Burkina Faso's first gold refinery cost about $19 million (over 11 billion CFA francs) and could change how a gold-producing country earns from its own metal. RAFFINOR-BF processes gold from industrial, artisanal and semi-mechanised mining into 99.99% pure bars, with about 100 direct and 5,000 indirect jobs expected. We break down the numbers, the strategy behind SONASP, and why local processing matters across Africa. This is the story of Burkina Faso's move from exporting raw gold to controlling the whole value chain. Subscribe to Red News Africa for African history, geopolitics and culture on Africa's terms. #BurkinaFaso #RaffinorBF #GoldRefinery #IbrahimTraore
Tags: Raffinor BF, Raffinor-BF, Burkina Faso gold refinery, Ibrahim Traoré, Ibrahim Traore, Burkina Faso gold, Ouagadougou gold refinery, African gold, gold refining in Africa, resource sovereignty, economic sovereignty Africa, value addition Africa, local processing Africa, SONASP, Ouaga 2000, Pan-Africanism, African industrialization, Red News Africa, Burkina Faso first gold refinery 2026, why Africa exports raw gold
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