The mining potential in Côte d’Ivoire has never been this attractive and the West Africa Greenstone Belt is a major reason.
West Africa’s Birimian Greenstone Belt which is situated within its borders, seems to be a motivating factor for the region’s vast foreign investment. The Greenstone Belt is a huge, mineral-rich geological creation expanding from Ghana to Senegal. Out of the entire belt’s gold production, Côte d’Ivoire accounts for under 5%.
Traditionally speaking, Côte d’Ivoire’s economy has depended on agriculture, and farming has maintained the number one provider for the region. Did you know, over two-thirds of the population in Côte d’Ivoire is involved in agriculture-related undertakings?
Today, mining seems to be a factor that could vastly enable development for Côte d’Ivoire. Plans to triple gold production by 2020 was made public by the country’s minister of mining. Currently the government is in the process of compiling a reviewed mining code to substitute the existing form.
There is a fair amount of optimism surrounding the compilation of this new mining code, and just to indicate how serious the government is about expanding the mining industry, within roughly 4 weeks the government has confirmed 13 new mining licenses.
When we look back at last year, the gold production rose by more than 20%, so it seems as though gold production for this region is on a heavy and constant rise, showing no sign of slowing down.
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