https://en.sputniknews.africa/20251211/cote-divoire-aims-to-become-africas-leading-gold-producer-1081343106.html
Côte d'Ivoire Aims to Become Africa's Leading Gold Producer
Côte d'Ivoire Aims to Become Africa's Leading Gold Producer
Sputnik Africa
Côte d'Ivoire Aims to Become Africa's Leading Gold Producer 11.12.2025, Sputnik Africa
2025-12-11T07:27+0100
2025-12-11T07:27+0100
2025-12-11T07:27+0100
sub-saharan africa
africa
ghana
cote d'ivoire (ivory coast)
gold
gold miners
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Côte d'Ivoire Aims to Become Africa's Leading Gold Producer Currently ranked 7th in Africa with 58 tonnes of gold produced in 2024, Côte d'Ivoire has launched a major plan to overtake Ghana – the continent’s top producer with 149 tonnes. The strategy is anchored in the government’s Integrated Plan for Mines and Energy (PRIME), a 15-year, $68 billion initiative designed to transform the country’s extractive and energy sectors. The country’s strengths include: It takes "on average less than five years" to go from the discovery of a deposit to the start of production, according to Ivorian Minister of Mines Mamadou Sangafowa-Coulibaly.This stability and predictability make it, according to Justin Tremain, head of Turaco, a mining company active in Ivory Coast, "the best place in the world" to develop a gold mine. About $20 billion – or 30% of the PIRME budget – will be channeled into the mining sector by 2040 through public-private partnerships, aiming to catalyze exploration, infrastructure, and industrial capacity. Key challenges ahead:
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africa, ghana, cote d'ivoire (ivory coast), gold, gold miners
africa, ghana, cote d'ivoire (ivory coast), gold, gold miners
Côte d'Ivoire Aims to Become Africa's Leading Gold Producer
Côte d'Ivoire Aims to Become Africa's Leading Gold Producer
Currently ranked 7th in Africa with 58 tonnes of gold produced in 2024, Côte d'Ivoire has launched a major plan to overtake Ghana – the continent’s top producer with 149 tonnes.
The strategy is anchored in the government’s Integrated Plan for Mines and Energy (PRIME), a 15-year, $68 billion initiative designed to transform the country’s extractive and energy sectors.
The country’s strengths include:
Rapid growth: Gold production has already tripled since 2014, rising from 20 to 58 tonnes;
Vast geological potential: Estimated at 600 tonnes of undiscovered or undeveloped gold reserve.
It takes "on average less than five years" to go from the discovery of a deposit to the start of production, according to Ivorian Minister of Mines Mamadou Sangafowa-Coulibaly.
This stability and predictability make it, according to Justin Tremain, head of Turaco, a mining company active in Ivory Coast, "the best place in the world" to develop a gold mine.
About $20 billion – or 30% of the PIRME budget – will be channeled into the mining sector by 2040 through public-private partnerships, aiming to catalyze exploration, infrastructure, and industrial capacity.
Tripling industrial gold production by 2040 to reach leadership status;
Attracting more investment in exploration to fully unlock the 600-tonne potential;
Formalizing and better regulating the artisanal mining sector, whose undeclared output is estimated at 30–40 tonnes per year.
