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.
-
Uncategorized2 days ago
June 12 Democracy Day declaration not enough, as citizens wallow in pain – ActionAid, FG declares Friday public holiday
-
Finance16 hours agoElon Musk becomes world’s first trillionaire as SpaceX shares soar on stock market debut
-
Stock Market16 hours agoFG to raise N4trn bond to settle electricity debt
-
Economy2 days agoNigeria’s Digital Boom needs nuclear power partnerships for long-term success
-
News2 days agoCardoso formally receives Central Bank of the Year Award
-
Oil and Gas2 days agoNNPC is house of thieves, fraud; Kyari must be arrested dead or alive to account for N210 trillion—Oshiomhole
-
Oil and Gas2 days agoDangote Refinery seeks $1bn private placement ahead of planned listing
-
News16 hours agoUK, Nigeria unveil £15m programme to boost investment