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Mine: Côte d'Ivoire bets on gold

28/03/2022
Source : ORISHAS FINANCE
Categories: Raw materials
 Mine: Côte d'Ivoire bets on gold

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Mines Minister Thomas Camara reaffirmed the ambition to make the mining sector a heavyweight in the Ivorian economy. To achieve its goals, the Ivorian government is betting on gold to bring the share of mining in GDP to 6% by 2025.

       

For the past few years, Ivorian gold production (38 tonnes in 2020) has been on an upward trend. With the country's significant gold reserves, mines under construction and projects under development, the share of mining in GDP should not long remain at 3%. The government hopes next year to increase the contribution of the mines to 5% of the GDP, against 3% currently, then to reach 6% two years later. This objective will be achieved, we learn, by increasing gold production to 65 tonnes by 2025. In 2021, gold production stood at 41.85 tonnes of gold, an increase of 10 % year-on-year.

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