HomeGoldIvory Coast gold production leaps 142%

Ivory Coast gold production leaps 142%

Drilling underway
at Randgold’s Tongon
mine in Ivory Coast
Abidjan, Ivory Coast — MININGREVIEW.COM — 15 February 2010 – The West African state of Ivory Coast produced 6.94 tonnes of gold in 2009 “’ a 142% leap above the 2.87 tonnes that were produced in its mines in the previous year, according to state media reports.

The state-owned Fraterne Matin daily newspaper added that the country’s output would rise further in 2010 as a Randgold Resources mine in the north of the Ivory Coast moved into production.

“Concerning production, there were 6.943 kg produced last year, compared to 2.874 in 2008,” the paper confirmed.

“A strong growth in production of this precious mineral is expected in 2010, when Randgold’s Tongon gold mine starts output,” it said.

Ivory Coast is seeking to boost revenues from gold mining to diversify its economy away from oil and from cocoa, in which it leads the world, growing 40% of global supply.