Ivory Coast Plans National Gold Refinery with 100-Ton Output Target by 2030
Ivory Coast is launching a national gold refining company and enhancing its state gold-buying counter to boost domestic production and value capture. The country aims to increase gold output from 58 tons in 2024 to 100 tons by 2030, driven by significant investment in mining infrastructure and a revised mining code targeting critical minerals. The initiative seeks to reduce smuggling and enhance economic returns by processing gold domestically. Recent investments in the sector have surged to $3.8 billion over the past decade.
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Ivory Coast is establishing a national gold refining company and enhancing its state gold-buying counter to increase gold production from 58 tons in 2024 to a target of 100 tons by 2030. The initiative aims to capture downstream value from gold mining, which has tripled since 2013.
The revised mining code will focus on critical minerals and improve investment conditions. Recent investments in the sector surged to $3.8 billion, with new projects approved totaling $1.25 billion. The activities align with the Vision 2040 strategy to enhance the mining sector's contribution to GDP.
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