Burkina Faso and Mali Advance Plans for their respective Gold Refineries

Burkina Faso’s junta-led government recently initiated the construction of its inaugural gold refinery, aiming to refine the country’s primary mineral resource on-site. With a daily capacity of approximately 400 kilograms (880 pounds) of gold, the refinery is anticipated to generate 100 direct jobs and 5,000 indirect employment opportunities, as announced by Ismael Siby, CEO of…

Morocco’s gold reserves are estimated at more than 22 metric tons, whilst Ghana, a foremost gold producer lags behind

Gold plays an important part in central banks’ reserves management, and that’s why they are significant holders of gold.  IMF IFS statistics  tracks central banks’ reported purchases and sales along with gold as a percentage of their international reserves. Morocco’s gold reserves are estimated at 22.12 metric tons and are the fifth largest in Africa,…