Burkina Faso's military leader Ibrahim Traoré inaugurated the country’s first gold refinery in Ouagadougou, aiming to process more local mineral wealth and reduce reliance on exporting raw materials. The $19 million Raffinor-BF facility will initially refine 164 tonnes of gold annually, though its eventual capacity could be up to 515 tonnes per year, allowing it to handle regional gold as well. Traoré’s government is also requiring foreign mining firms to give the state a 15% stake and train local workers, part of a broader effort to strengthen state control over natural resources amid challenges from jihadist violence and informal mining practices.
Written locally by qwen2.5:14b on 2026-09-29,
using this article's own text rather than the other coverage of the
same event (that is the story summary below).
- Published
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.
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government → publish → industries
Junta leader Ibrahim Traoré said the move was part of a wider effort to end the country's reliance on exporting raw materials for processing abroad.
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move → say → processing
"We want to refine all our metals on site...
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we want to have the entire value chain on site," he said at the plant's inauguration in the capital, Ouagadougou, on Monday.
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Burkina Faso is one of Africa's biggest gold producers but the authorities have struggled to regulate the informal mining sector, which has been blighted by jihadist violence.
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which → struggle → violence
Traoré's government hopes the new facility can turn the landlocked country into a regional gold-refining hub.
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With gold production on the rise, Traoré's government set up a state-owned mining company two years ago.
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Foreign mining firms are now required to give the state a 15% stake in their operations and train local workers.
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firms → require → workers
The World Gold Council said output rose by 17% year-on-year in the second quarter of 2026, helped by increased production at several mines.
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But successive governments have struggled to regulate the country's extensive artisanal and small-scale mining industry, where smuggling and informal trading have made it difficult for the authorities to account for all the gold produced.
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authorities → struggle → gold
The government has also alleged that some illegally traded gold helps finance the Islamist insurgency that has engulfed much of the country.
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that → allege → country
Burkina Faso has been fighting armed Islamist groups linked to al-Qaeda and Islamic State for years, with large areas outside full government control.
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The new refinery, known as Raffinor-BF, cost more than 11bn CFA francs ($19m; £14m), according to the presidency.
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It said the project was financed by the state, including through the National Precious Metals Company (Sonasp), in partnership with Burkina Faso's private sector.
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The plant will initially be capable of refining 164 tonnes of gold a year, significantly more than the country's current annual production.
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plant → refine → production
The government says its eventual capacity could rise to 515 tonnes, suggesting it also wants the refinery to process gold from elsewhere in the region.
"This is the day we take back the keys to our own house," Mines Minister Yacouba Zabré Gouba said at the opening.
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"Our gold will no longer be used to create added value for others while our people remain in need."
The refinery is the latest element of Capt Traoré's drive to increase state control over Burkina Faso's natural resources and reduce its economic dependence on foreign companies and former Western partners.
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Since taking power in a coup in September 2022, the 38-year-old army captain has promoted a nationalist economic agenda centred on domestic production and greater control of strategic industries.
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captain → take → industries
His government has increased state involvement in the mining sector and has sought to reorganise the trade in artisanal gold.
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government → increase → gold
The authorities suspended exports of gold produced by artisanal and semi-mechanised mines in 2024, saying the move was intended to better regulate the sector.
Capt Traoré has previously accused smugglers of taking large quantities of gold out of Burkina Faso illegally and said some of the proceeds were helping finance militant groups.
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The refinery also forms part of a broader government campaign to process more commodities domestically rather than exporting them in raw form.
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Traoré has presented such projects as evidence of Burkina Faso becoming more economically self-reliant, alongside investments in industries including cotton, textiles and food processing.
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Faso → present → cotton
His policies have coincided with historically high international gold prices and increased global production.
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Worldwide mine output reached an estimated record 3,672 tonnes in 2025, according to the World Gold Council.
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Burkina Faso's government says the new plant should eventually be capable of refining all the gold produced by both its industrial mines and artisanal miners.
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Several West African countries are also seeking to process more of their gold at home.
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countries → seek → home
Guinea and Ghana have restricted exports of unrefined gold, while Mali is building its first refinery with help of a Russian firm.
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Ivory Coast also plans to open a refinery next year.
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The Aporia
