two years ago president tror of Burkina Faso made a profound statement he said soon the factories will rise this word of Prophecy is now being fulfilled in Burkina Faso just last month we celebrated Burkina faso's first tomato Factory and now we are celebrating the rise of another Factory the Burkin Abbe gold Factory now not only has tror launched the gold Factory but the factory is now operational and has produced Burkina faso's first locally made gold bars what a remarkable achievement how many African countries blessed with gold resources can boast of this but how did trior achieve this let's find out if you have been following ibraim Tori from day one you would notice that one thing he values above everything else is the sovereignty and complete independence of his country and since he assumed power he has taken several actions to place borina Faso on the path of complete Independence aside from kicking out French troops and ending military cooperation with its former Colonial Master France thereby granting military sovereignty to Burkina Faso Captain traore has also strived to ensure that Burkina Faso has monetary and economic sovereignty this is why on January 23rd 2024 Captain tror the president of Burkina Faso inaugurated the first waste processing plant for mining residues this marked a significant development in the management of mining byproducts and aimed to create a value chain that generates opportunities around its extractive industry the inauguration of the facility in the Cotto industrial Zone just east of the capital aagadu was attended by president tror during the ceremony tror proudly stated that the machines to process the mines were entirely constructed in borina Faso emphasizing the nation's Ingenuity in his own words I can confirm without fear of contradiction that borina Faso is the second country in Africa to develop this techn Tech ology he commended what he called the Burkin AB Revolution behind this technological achievement during the inauguration of the mining waste processing facility president TR also added that the opening of the factory was all part of his plan to have borina Faso manage its own resources he then invited other African states to bring their own mining waste to borina Faso because we have the technology to process according to yakim Maria Emanuel soba Chief Executive Officer of Golden Hand the company that operates the plant to extract metals from the residues local experts were the ones who developed the plant to process residue from the country's gold mines he also stated that the establishment of the plant is designed to allow borina Faso to process on-site and have full control of the waste according to reliable sources the waste plant will be 40% owned by the state and 60% owned by the company Golden Hand and South Africa facing the media and speaking regarding the waste plant the burkinabe minister of mins expressed his satisfaction stating that our country has clearly decided to assert itself and fully assume its sovereignty in all areas with a particular emphasis on the mining sector it has therefore become an urgent necessity to find endogenous Ways and Means to recover as much as possible the metals contained in mining residues before we proceed here is a reminder to like this video drop a comment and subscribe to our channel so that you can get more videos like this now one year after the inauguration of the plant the burkinabe waste plant Golden Hand has now produced the country's first gold bars the Gold Bars were produced from processing mining residues known as fine coal previously abandoned at the eson mine fine coal is the leftover material after the extraction of gold which still contains a considerable amount of gold the burkinabe waste plant was able to process the fine coal to produce about 44 gold bars weighing 93.1 197 kg which was handed to the economy Ministry the Burkin AB prime minister Emmanuel edra Ogo accepted the bars on behalf of interim leader ibraim tror in wagadugu the country's capital speaking at the event the burkinabe Prime Minister WeDo stated that the outcome exemplifies the government's vision of fostering wealth creation through local min in expertise ensuring what he termed endogenous and sustainable socioeconomic development he added that there are plans to process more than 298 additional tons of residue to further bolster the gold reserves in outlining the Strategic shift the Prime Minister stressed that fine coal from Burkina Faso would no longer be processed abroad yakim Marie Emanuel tapsoba the general director of Golden Hand sa explained that the extraction of gold from these remnants uses environmentally friendly cuttingedge Technologies he stressed that the delivery of this initial batch reflects the government's dedication to serving the people what remarkable news but what is the implication of the burkinabe mining waste facility right now each of the 44 gold bars carries the official seal of borina Faso signifying a symbol of economic independence and national pride the gold bars have been stored in a secured facility and with more production of gold bars Burkina Faso will have enough gold to back its economy by holding gold reserves Burkina Faso can hedge its economy against external monetary influence especially from the CFA Frank now if you can recall there have been Talks by the AES countries about creating a new currency to displace the CFA Frank which is a colonial Relic although not much has been said about the currency we speculate that borina Faso is preparing itself for a transition to a new currency by a accumulating gold bars you see under French influence Burkina Faso and the other countries didn't even have their own central banks France made it in such a way that they had to depend on the Central Bank of West Africa which everyone knows is simply an extension of the bank of France and let's not forget that borina Faso and frankophone countries are required to keep half of their reserves in French banking institutions however as we stated earlier president tror is determined to liberate his country and his people from the influence of France over its monetary system and this is why he recently established borina faso's very own treasury Deposit Bank this was why tayori officially inaugurated Burkina faso's treasury Deposit Bank last year at its headquarters within the public treasury in kuuba the establishment of this treasury bank is a bold move that signifies that the country is on a path to reclaiming its monetary sovereignty by creating this Bank Burkina Faso will no longer longer have to depend on the Central Bank of West African state which is a colonial Relic to store its reserves or regulate its monetary and financial system with this treasury deposit Burkina Faso will no longer have to deposit 50% of its reserves in a French Bank the treasury bank is designed to provide accessible banking services to all citizens with a network extending through Regional provincial and departmental treasuries to ensure that everyone regardless of location can access these services but that's not all the treasury Deposit Bank will also cater to a wider range of clients including public institutions State companies local authorities International organizations Nos and private businesses its primary Mission will be to manage the banking functions of the public treasury offering services like account management resources collection and transaction processing in addition the treasury Deposit Bank will introduce digital payment methods and velop Innovative banking services to meet the evolving needs of its customers the fact is that the establishment of the treasury Deposit Bank empowers borina Faso to conduct Financial transactions independently bypassing the need to go through the Central Bank of West African State thereby eliminating any potential interference from France depending on the Central Bank of West African States has allowed European countries such as France which lacked gold mines to accumulate gold reserves which were plundered from African countries with gold through European gold mining companies these foreign companies extract vast amounts of gold from borina Faso and other African countries blessed with gold resources at a very cheap cost and without giving back to these countries not even in terms of tax revenues this is the reason why Captain tror has taken the initiative to reclaim control over Burkina faso's gold a waste Mining facility is one way trii has reclaimed control over Burkina faso's gold now that the facility is in operation Bina Faso will be able to store the gold in its treasury Deposit Bank this is remarkable but what other steps has Tori taken to reclaim his country's gold well as you know Burkina Faso is currently ranked among the top gold producing countries in Africa not surprisingly gold is the country's leading export product accounting for 37% of total exports as of 2020 gold mining is also the country's main source of employment of all the gold Industrial Al produced in Bina Faso artisanal constitutes half of it with about 1 million people involved in artisanal gold production however like most African countries borina Faso was not in control of its gold resource for the longest time the binab gold industry has been dominated by Western gold mining corporations such as London listed Endeavor mining australia-based West African resources Russia's Nord gold and Canada's orone Gold Corporation it has also been dominated by jihadists who use the proceeds from mining to fund their acts of terrorism artisanal mining has made it easy for terrorists and jihadists to take control of several gold mines which they use in fueling terrorism in Burkina Faso as Captain tror stated in 2022 a lot of gold leaves Bina fraudulently and this moreover helps to fuel terrorism the ongoing terrorism has in turn led to the de closure of four industrial mines and the abandonment of nearly 700 100 gold panning sites in 2022 which has also led to a reduction in the total output of gold produced in recent times as a result of all this tror decided to take a series of steps that would deal with the two problems first he banned the export of gold in 2023 on Wednesday 21st of February 2024 borina faso's newly appointed mines Minister yakuba zabre announced that the country has suspended exports of gold and other precious metals by our Aral mining in a bid to better organize the mining sector this suspension is with immediate effect and it follows the need to clean up the sector and reflects the government's desire to better organize the marketing of gold and other precious substances the mines Minister didn't say how long the suspension would last but added that groups who have material to export are invited to reach out to the National Society for precious commodities sonap for compensation this decision by the military government of B Faso is in line with similar decisions made by other African countries such as Zimbabwe and Namibia which placed a ban on the export of unprocessed minerals including lithium by suspending the export of gold trayor aimed at cutting a major source of funds for terrorists in the country and addressing the challenges faced by the mining sector and enhancing its contribution to the country's economic development secondly Tori launched the construction of borina faso's gold refiner in November 2023 isma CBI CEO of the refineries co-managing company Morena gold noted that the refinery is designed with a daily production capacity of around 400 kg of gold underscoring the nation's commitment to optimizing its primary mineral resource according to cibil the first 22 karat gold bars would leave the refinery in 11 months and have the capacity to create 100 direct jobs and 5,000 indirect jobs during the launch of the refinery Captain trior stated that 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 the refinery which is developed in partnership with Morena gold a local company will house a jewelry store and the future headquarters of the soci national de substances which oversees the project on behalf of the state following the launch the military government replaced Simon Pierre busim who had been the mines minister with yakuba zabre in December of the same year thirdly the government introduced in October 2023 a new gold sales royalty for gold prices above $1,500 per ounce which marks a direct change from the previous flat 5% royalty it applied between $1,300 and $1,500 per ounce finally to rest control of the gold mines from terrorists tayori launched a massive military attack to take complete control of these gold mines one such operation was carried out in the Jibo greenstone belt located in Northern borina Faso this region is one of Burkina faso's geological Marvel of importance characterized by its ancient rock formation and holds significant mineral resources particularly gold the presence of such mineral resources in the jibbo greenstone belt makes it a key area of interest for mining companies and investors as well as a potential source of economic growth for Burkina Faso unfortunately however this region has been marred by persistent security challenges terrorist groups have exploited the gold resource in this region to fund their activities creating a complex security environment the illegal mining operation has not only deprived the state of valuable Revenue but has also contributed to environmental degradation and social unrest the presence of terrorists has also led to frequent violent incidents including attacks on mining sites kidnapping of workers and extortion of local businesses this pervasive insecurity has created an environment of fear and instability deterring legitimate mining companies from investing in the region the security situation is further Complicated by the Region's rugged and remote terrain which provides a natural cover for terrorist activities so what did trii do under the the leadership of Captain TR the burken a Bay Military has launched a comprehensive military operation aimed at dismantling the terrorist Network and restoring order in recent times the jibbo greenstone belt has been the focal point of intense military activity as the fight against terrorism hits New Heights both figuratively and literally the Burkin AB military forces have turned part of the Sahel including safon into a stronghold making the operation particularly perilous the air fleet positions strategically close to the combat zone continuously scans the landscape providing crucial support to ground troops in one particular operation battalions four five and six of the burkinabe forces secured the center of commune 6 an area that has been under the control of terrorists since 2019 effectively making it a colony of armed groups the reconquest of this region marks a significant milestone for borina Faso because before the military took control the area had been transformed into a Haven for stolen Heritage where the local population faced the harsh choice between escape and compliance with terrorist demands the burkinabe forces were cautious in their approach and this approach of the Commando units made them aware of potential traps set by the terrorists and ensured that perimeter control was established without incidents allowing for systematic searches for hidden weapons the combat marked by gunshots tested the reflex of the solders and their resilience as the military undertook a highstakes operation against entrenched terrorist forces in the heart of borina Faso the turning point in the battle came through coordinated efforts and advanced military tactics the burkinabe forces leveraging their strategic planning and modern technology initiated a series of well orchestrated moves that shifted the momentum in their favor one such key move was the use of drones which played a crucial role in both surveillance and direct combat drone strikes were instrumental in neutralizing enemy positions and providing real-time intelligence these unmanned aerial Vehicles scoured the landscape identifying targets and delivering precise strikes that decimated terrorist positions the drone's ability to strike from a distance with pinpoint accuracy minimized the risk to ground troops and maximize the impact on the enemy the effect of these coordinated efforts and drive strikes led to significant enemy losses the terrorists who had fored ified their positions and were prepared for a prolonged engagement found themselves overwhelmed by the Swift and decisive actions of the borina foso forces this operation is a testament to the transformation of the burkinabe military forces under President tror since taking office president TR has emphasized the importance of modernizing the military and enhancing its capabilities this is why he made sure to outfit the military with the necessary defense equipment and training from external forces the successful execution of this operation highlights the importance and impact of the reforms carried out by trior in the country's defense by taking control of this region Burkina Faso is now open to exploring the economic benefit that the jbo greenstone belt can bring since this region is blessed with gold it offers a substantial Revenue stream for the country given that Burkina Faso now has its gold Refinery gold will be processed in the country before being ported thereby creating a value chain and adding to its value this will undoubtedly offer boundless benefits such as leading to a dramatic increase in the country's GDP and enabling a wide range of Developmental projects in addition the gold mining industry could generate thousands of jobs not just directly in mining operations but also indirectly through auxiliary sectors such as Transportation equipment manufacturing and Supply Chain Services this in turn would lead to an improve standard of living and reduce poverty in the region in addition the influx of investment needed to exploit these gold deposits could spot significant infrastructure development such as improved roads energy Supply and Water Systems it would not only benefit mining operations but also enhance the quality of life for local communities what are your thoughts let us know in the comment section below don't forget to like this video drop a comment and share