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Ibrahim Traore Launched The Construction Of Burkina Faso First Gold Refinery. - Foreign Affairs - Nairaland

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Ibrahim Traore Launched The Construction Of Burkina Faso First Gold Refinery. by Gjrich(m): 2:10pm On Nov 26, 2023

https://www.youtube.com/watch?v=RNhF8_4FwUI?si=ZIhxHUYuFvuN4Xa1


Ibrahim Traore Launched The Construction Of Burkina Faso First Gold Refinery.

Burkina Faso’s junta-led government has launched the construction of the country’s first refinery for gold, Burkina’s main mineral resource, officials said.

The refinery which was launched on Thursday will have a production capacity of around 400 kilograms (880 pounds) of gold per day.

The CEO of the refinery’s co-managing company Marena Gold, Ismael Siby made this known on Thursday.

Siby said the first 22-carat gold bars would leave the refinery in 11 months, adding that the project would create 100 direct jobs and 5,000 indirect jobs.

“There’s no longer any question of us taking our gold abroad for refining. We’ll refine it on-site because we know the real content of the raw gold that comes out. That’s very important,” Burkina Faso’s military leader Captain Ibrahim Traore said at a launch ceremony in the capital Ouagadougou.

“For some time now, gold has been (Burkina’s) leading export product,” he added.
“But we have no control over gold… today we have decided to put a whole network in place”.

The mining sector accounts for 14.3 percent of Burkina’s state revenue, according to data from the Extractive Industries Transparency Initiative (EITI).

However gold production in the country fell from 66.8 tonnes in 2021 to 57.6 tonnes in 2022 – marking a 13.7 percent drop.

Traore added that “a lot of gold leaves Burkina fraudulently, and this moreover helps to fuel terrorism”.

The country is battling a jihadist insurgency that spilled over from neighboring Mali in 2015 and has left more than 17,000 civilians and soldiers dead and displaced two million people.

Violence led to the closure of four industrial mines and the abandonment of nearly 700 gold-panning sites last year, according to official figures.

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Re: Ibrahim Traore Launched The Construction Of Burkina Faso First Gold Refinery. by OloYeOfEgbE: 2:15pm On Nov 26, 2023
Dem carry refinery give one aboki man

Na wa

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Re: Ibrahim Traore Launched The Construction Of Burkina Faso First Gold Refinery. by RepoMan007: 2:15pm On Nov 26, 2023
Poverty will reset African brains by force of fire. Cocoa crude and more should follow.
Re: Ibrahim Traore Launched The Construction Of Burkina Faso First Gold Refinery. by God1000(m): 2:17pm On Nov 26, 2023
Good, though I don't support any military government but democracy has failed in Africa.

Can this young man be another Thomas Sankara?

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Re: Ibrahim Traore Launched The Construction Of Burkina Faso First Gold Refinery. by Hez143(m): 2:29pm On Nov 26, 2023
this juntas are making impact, the other day,na Niger but here na corrupt generals we get

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Re: Ibrahim Traore Launched The Construction Of Burkina Faso First Gold Refinery. by Burob: 2:32pm On Nov 26, 2023
Hez143:
this juntas are making impact, the other day,na Niger but here na corrupt generals we get
Are you not Nigerian, are you any different from them corrupt generals?

The way you point fingers @ others, one way believe that you are Ghanaian.

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Re: Ibrahim Traore Launched The Construction Of Burkina Faso First Gold Refinery. by tollyboy5(m): 2:51pm On Nov 26, 2023
God1000:
Good, though I don't support any military government but democracy has failed in Africa.

Can this young man be another Thomas Sankara?
Africa need to wake up
Re: Ibrahim Traore Launched The Construction Of Burkina Faso First Gold Refinery. by igwebuike01: 3:12pm On Nov 26, 2023
We are still busy with tribalism
Re: Ibrahim Traore Launched The Construction Of Burkina Faso First Gold Refinery. by Gayigaskia(m): 3:27pm On Nov 26, 2023
OloYeOfEgbE:
Dem carry refinery give one aboki man

Na wa
can you have sense for once?

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