Ivory Coast Grants 11 New Mining Permits to Boost Gold, Cobalt, and Copper Production
Ivory Coast, the world’s leading cocoa producer, is expanding its mining ambitions by issuing 11 new exploration permits for gold, cobalt, copper, and other minerals.
The announcement was made by government spokesperson Amadou Coulibaly following a recent cabinet meeting.
The West African nation is positioning itself as a stable and investor-friendly mining destination, contrasting with neighboring countries like Mali, Burkina Faso, and Niger, where military-led governments have tightened control over mining assets.
Analysts say this stability enhances Ivory Coast’s appeal to global mining companies seeking long-term certainty.
Gold Exploration at the Forefront
Of the 11 permits, eight are for gold exploration, awarded to companies including Resolute Exploration Côte d’Ivoire, which operates the Doropo gold mine in northern Ivory Coast, and Tieto Minéral, operator of the Abujar gold mine west of Abidjan.
The remaining three permits cover exploration for chrome, manganese, nickel, cobalt, and copper.
Gold has become an increasingly important contributor to national revenue. According to Mines Minister Mamadou Sangafowa Coulibaly, gold production rose from 10 metric tonnes in 2012 to 58 tonnes in 2024, with a projected 62 tonnes in 2025. The government aims to reduce reliance on cocoa, which still accounts for approximately 40% of export earnings.
Diversifihorities are increasing fiscal returns from mining, while Nigeria is investing in solid minerals to reduce dependence on oil exports.
The Ivorian government has set an ambitious target of 100 tonnes of gold annually by 2030, supported by projects such as the Lafigué mine operated by Endeavour Mining. Achieving this would place the country among Africa’s leading gold producers alongside Ghana, South Africa, Sudan, and Mali.
Beyond Cocoa
Cocoa has long defined Ivory Coast’s economy, providing employment to millions and establishing the country as the world’s largest supplier. However, price volatility, climate impacts, and calls for more local processing have prompted the government to accelerate economic diversification.
Mining, alongside oil and gas development, is emerging as a key pillar of this strategy. By opening up to international investors while maintaining political stability, Ivory Coast cation Across Africa
Ivory Coast’s mining expansion mirrors trends across Africa, where resource-rich nations are seeking to diversify revenue streams amid volatile commodity prices. In Ghana, autis signaling its ambition to become a major player in Africa’s mineral economy.
