• Why did Ivory Coast’s gold output hit a record high in 2023?
  • ABIDJAN, June 6 (Reuters) – Ivory Coast’s gold output hit a record high in 2023, helped by the opening of new mines, and will continue to grow further, mines minister Mamadou Sangafowa Coulibaly said on Thursday. Ivory Coast, the world’s top cocoa producer, is seeking to develop its long-neglected mining sector to diversify its sources of income.
  • Why is Ivory Coast pursuing a new mining sector?
  • Ivory Coast, the world’s top cocoa producer, is seeking to develop the West African country’s long-neglected mining sector to diversify its sources of income. Gold output is expected to reach 50 tonnes per year, from 48 tonnes in 2022, said Ivory Coast’s mines minister, Mamadou Sangafowa Coulibaly.
  • Which gold mining companies are operating in Ivory Coast?
  • The minister said one gold mine would be inaugurated in November in the centre-western region of Daloa and another one next year in the northeast town of Dabakala. Mining companies also operating in Ivory Coast include Barrick Gold (ABX.TO), Endeavour (EDV.AX) and Perseus mining (PRU.AX). ($1 = 612.0000 CFA francs)
  • Where is the Seguela gold mine?
  • The Seguela gold mine is about 500 km north of the commercial capital Abidjan. Ivory Coast, the world’s top cocoa producer, is seeking to develop the West African country’s long-neglected mining sector to diversify its sources of income.
  • Will the Kon¨¦ Project BOOST Ivory Coast’s gold production?
  • The success of the Kon¨¦ project would further boost Ivory Coast’s gold production, enhancing its position as a key gold producer in West Africa alongside countries like Ghana, Mali, Burkina Faso, and Guinea. Ivory Coast produced 50 tonnes of gold in 2023 (and is expected to produce 55 tonnes this year).
  • Will C?te d’Ivoire’s mining sector grow?
  • With potentially significant untapped resources and the government committed to making mining a key pillar of growth for the economy, C?te d¡¯Ivoire¡¯s extractive minerals sector looks set for robust growth.