Economy
Ivory Coast 2022 gold output up 14% to record high
Ivory Coast produced a record high of about 48 tonnes of gold in 2022, up 14% from the previous year, a document from the Ministry of Mines, Petrol and Energy showed. Ivory Coast, the world’s top cocoa producer, is seeking to develop its long-neglected mining sector to diversify its revenue. Gold output has been climbing steadily for several years and is expected to reach 50 tonnes this year with the start of production from two mines belonging to Roxgold, owned by Fortuna and Tietto Minerals , according to the document seen by Reuters on Wednesday.
Production is expected to reach 55 tonnes in 2024, when a new mine from Endeavour starts operating, it said. Other big gold mining companies operating in Ivory Coast include Barrick Gold and Perseus Mining. Manganese output fell by 3% to 929,700 tonnes in 2022 while nickel output rose by 31% to 1.84 million tonnes, the document showed.
-
News2 days agoCourt orders British Govt. to pay £420m to 21 coal miners killed by colonial masters
-
Finance2 days agoCBN cuts 1-Year Treasury Bill rate, rejects Bids
-
Maritime2 days agoNIMASA mulls expansion of deep blue project, calls for continued partnership with Navy
-
Economy2 days agoBPE, stakeholders unite to rollout $500m free meters, DisCos pledge to lead drive
-
Business2 days agoMTN to acquire controlling stake in IHS Holdings, eyes full ownership
-
Agriculture2 days agoOver 2.5m metric tonnes of food valued N2trn produced in 2yrs—FG
-
Oil and Gas2 days agoDangote refinery backs gantry loading, cautions against costly coastal evacuation
-
Economy19 hours agoDubai’s consumer electronics maker, Maser Group to invest $1.6bn in Nigeria, others