The Ivorian State encourages mining exploration with five new permits.

The Ivorian government recently granted five new mining exploration permits during the Council of Ministers meeting on January 15, 2025, marking a strategic advancement in strengthening the national mining sector. Under the joint supervision of the Ministries of Mines, Petroleum and Energy, Finance and Budget, as well as Environment, Sustainable Development, and Ecological Transition, this initiative aims to enhance the country's attractiveness to investors and fully leverage its mining potential.

Among the beneficiaries, the company Ivoire Gold SARL (IVOGOLD) received a permit to explore nickel, rare earths, cobalt, gold, and chrome in the departments of Ferkessédougou and Kong (in the northern part of the country). Meanwhile, Mako Côte d'Ivoire Sarlu (MAKO CI SARLU) will focus on lithium and rare earth exploration in the departments of Didiévi and Bouaké (in the central part of the country). The companies SODINAF-CI SA, VIROQUE MINERALS SARL, and GOLDRIDGE RESOURCES SARL will concentrate their efforts on gold in various regions of the North, Central-West, and North-East. These permits, valid for four years, allow these companies to conduct in-depth research on strategic metals, thereby enhancing the growth dynamics of the Ivorian mining sector.

This new series of permits is part of an ongoing policy to promote and develop the mining sector, initiated in recent years. It reflects the Ivorian authorities' commitment to diversifying the economy, attracting major investments, and optimizing the country's natural resources. By energizing this key sector, Côte d'Ivoire aims to strengthen its position in the African mining landscape, create jobs, and increase tax revenues, thus contributing to sustainable and inclusive economic growth.

Source: Sika finance, Editorial Team MEPD Web Portal