Côte d'Ivoire Grants New Gold Exploration Permits to Boost Production

Côte d'Ivoire has granted four new gold exploration permits to Tchologo Exploitation SA, Aucrest SARL, Smart Mineral Explorer SARL, and Glory Gold Ressources SARL. The permits, valid for four years, aim to increase the chances of finding new gold deposits across the country and further boost the nation's gold production.

Côte d'Ivoire has become one of the most attractive mining jurisdictions in Africa and a significant gold producer, with an output of 48 tonnes in 2022. The country has set a target of producing 55 tonnes of gold by 2024. To continue this growth trajectory, the Ivorian government recognizes the need to find new deposits and has taken steps to grant these exploration permits.

Why this matters: The granting of these new exploration permits highlights Côte d'Ivoire's commitment to expanding its gold mining sector and solidifying its position as a rising global player in the industry. The potential discovery of new gold deposits could significantly contribute to the country's economic growth and development.

In addition to the gold exploration permits, Côte d'Ivoire also granted a four-year permit for mineral sands (ilmenite, rutile, zircon) exploration to Shilo Mineral Côte d'Ivoire SARL. This move demonstrates the country's interest in diversifying its mining sector beyond gold.

Côte d'Ivoire's gold production has been growing steadily for over a decade, and the government's proactive approach to granting exploration permits is expected to further accelerate this growth. The country's mining sector has attracted significant investment in recent years, thanks to its favorable geology, political stability, and supportive regulatory environment.

Key Takeaways

• Côte d'Ivoire grants 4 new gold exploration permits to boost production.
• Country aims to produce 55 tonnes of gold by 2024, up from 48 tonnes in 2022.
• Permits granted to Tchologo, Aucrest, Smart Mineral, and Glory Gold Ressources.
• Côte d'Ivoire also granted a permit for mineral sands exploration to Shilo Mineral.
• Côte d'Ivoire's mining sector attracts investment due to favorable geology and stability.