In an increasingly competitive African environment on the gold market, Côte d’Ivoire attracts major investments thanks to the richness of its subsoil. In addition, the Australian company Resolute Mining has just announced a major financial commitment to establish itself in the country permanently. She puts near $ 175 million To take possession of the gold project Derops, an active ingredient hitherto held by Anglogold Ashanti.
For the group, this is a strategic operation which testifies to the rise of Côte d’Ivoire in the gold sector. The Doropo project, located in the northeast of the country, not far from the Burkinabè border, promises an average annual production of 167,000 ounces of gold, with an estimated lifespan at ten years. A return that places the site among the most promising projects in the region.
For resolute mining, this acquisition constitutes its largest investment in Ivorian land. The Australian group seeks to strengthen its presence on the continent and sees in the relative political stability of Côte d’Ivoire, combined with its geological potential, an environment conducive to the development of its activities. Doropo thus represents a bridgehead towards a broader positioning in West Africa, a strategic area in the world’s gold race.
-This announcement reflects the growing attractiveness of the Ivorian economy. The government, engaged in a mining policy favorable to investors, has structured an attractive and transparent regulatory framework, capable of attracting large international companies. Result: the gold sector becomes one of the country’s major growth levers, with an increasingly significant contribution to the gross domestic product.
But the stake exceeds the simple export of precious metal. This type of project also opens the way to local benefits, particularly in terms of jobs, infrastructure and economic development in the often landlocked mining regions. For the city of Doropo and its surroundings, the arrival of an actor as a mining resolute could mark a significant socio-economic turning point.
Ivorian gold has not yet delivered all its secrets, but it already attracts the most ambitious looks. And with projects like that of Doropo, Côte d’Ivoire confirms its ascent to the rank of the rising mining powers in West Africa.
