Mining Sector: In Cape Town, the Ivorian Government Reaffirms Its Commitment to Offering Investors a Favorable Framework for Profitable Investments

The Ivorian government has reaffirmed its commitment to providing investors with a favorable framework for profitable investments in the Ivorian mining sector. This was highlighted during the 31st Annual International Forum, "Investing in African Mining Industry – African Mining Indaba," held from February 3 to 6, 2025, in Cape Town, South Africa, under the theme: "Building Africa’s Mining Future, Today."

Souleymane Soro, Deputy Chief of Staff of the Ministry of Mines, Petroleum, and Energy, led the Ivorian delegation to the Rainbow Nation. During the special session dedicated to promoting Côte d'Ivoire on Wednesday, February 5, the representative of Minister Mamadou Sangafowa-Coulibaly presented Côte d'Ivoire as "A Land of Mining Opportunities." This was in the presence of 300 participants, including potential investors, mining companies, banking institutions, insurance companies, and service providers.

According to Soro, the Ivorian authorities, through the digitalization of procedures, the improvement of the mining administration’s performance, and an integrated policy for the mining and energy sectors, offer an environment conducive to investment in the mining sector in a country with high geological potential.

Providing an overview of the mining sector, Seydou Coulibaly, Director General of Mines and Geology, highlighted the key performance indicators and factors driving the growth of this industry. He pointed out the continuous increase in the number of active mines and requests for exploration permits, along with the significant rise in gold production, which has tripled over the past ten years, from 18.6 tons in 2014 to more than 58 tons in 2024, as well as recent discoveries of world-class deposits.

In the same vein, Jean-Claude Diplo, President of the Professional Mining Group of Côte d'Ivoire (GPMCI), revealed during a panel that Côte d'Ivoire has the best mining legislation in West Africa.

Among other investors already established in Côte d'Ivoire, Martino de Ciccio, President and CEO of Montage Gold, justified his presence in the country by the attractive legislative framework, the quality of infrastructure, and the many opportunities offered by the mining sector.

Côte d'Ivoire, it should be noted, aims to become a mining hub in Africa, which is why it is promoting its International Extractive and Energy Resources Fair (SIREXE), with the second edition scheduled for 2026.

The Ivorian delegation held several meetings during the event, including one with Gwede Mantashe, South Africa’s Minister of Mineral Resources and Energy.