(Ecofin Agency) - Ivory Coast has rapidly transformed into a major gold producer in Africa, with a record output of 48 tons in 2022 and a projected increase to 55 tons in 2024. To sustain this growth, more deposits must be found. 

The Ivoirian Council of Ministers approved on April 17, 2024, the issuance of four exploration permits for gold, each valid for four years, to attract more investors to the sector.

EN DIRECT | Compte-rendu du Conseil des Ministres de ce mercredi 17 avril 2024 https://t.co/DirAHXTP2B

— Gouvernement de Côte d'Ivoire (@Gouvci) April 17, 2024

Tchologo Exploration SA secured a permit for the Niakaramandougou and Korhogo departments, Aucrest SARL for Zuénoula, Vavoua, and Kounahiri, Smart Mineral Explorer SARL for Kouto, Tengréla, and Kaniasso, and Glory Gold Resources SARL for Tiassalé, Taabo, and Divo. These permits aim to stimulate the discovery of new gold deposits and maintain the country's production growth for over a decade. The country produced 48 tons of gold in 2022, aimed at 50 tons in 2023, and expects 55 tons this year.

In addition to the four gold exploration permits, a research permit for mineral sands (ilmenite, rutile, zircon) was granted to Shilo Mineral Côte d'Ivoire SARL for four years. This diversified approach to mining resources will further strengthen Ivory Coast's position as a key player in Africa's mining industry.