Ivory Coast

Ivory Coast's gold production expected to hit record high in this year

Jean-Claude Diplo told a leading industry official that the Ivory Coast is expecting to reach a record gold production this year. The mine Lafigue, which opened in 2024, will be a major contributor. To diversify income sources, the world's biggest cocoa producer wants to develop its neglected mining sector. Lafigue, located 500 km north-east of Abidjan, the commercial capital of West Africa, and operated by Endeavour Mining (a London-listed company), is expected to produce 180,000 to 210,000 ounces gold in 2025. Diplo's term as head of the mining association GPMCI, which ended on Friday evening, stated that Ivory Coast gold

Carbon Emissions

Africa launches a new gold standard currency plan backed by minerals

African nations look for to connect 300 mln individuals to power by 2030

A number of African nations dedicated on Monday to open their electrical energy sectors to bring in investors and illuminate homes of 300 million individuals currently lacking power in the next six years. The continent has the highest variety of people without access to electrical energy worldwide and is racing to connect homes to power by 2030 under a plan called Objective 300 released by the World Bank and the African Development Bank (AfDB) in April. The push intends to open at least $90 billion in capital from multilateral advancement banks, development agencies, financing institutions, private organizations and philanthropies, according

Climate Change

Leonardo, BF partner up with Italy govt for farming jobs in Africa

Cocoa tops global products rally for second year, steel components battle on China need

Cocoa and coffee are poised to close 2024 as the biggest gainers among commodities for a 2nd year on an international supply deficit, while steelmaking coal will end as the worst performer, hit by slow growth in China. Looking ahead, global trade stress are most likely to control the commodities landscape in 2025 as Donald Trump goes back to the White Home threatening substantial tariffs, experts said. A strong dollar and gold's appeal as a safe haven for financiers are likely to support rare-earth elements rates, while adequate supply could depress oil for a 3rd year, they included. In bad

Environment

Lack of rain, heat stress Ivory Coast cocoa farmers

Farmers in the majority of Ivory Coast's cocoa growing regions said on Monday they were concerned about the absence of appropriate rains and the heat, which could weigh on the development of the OctobertoMarch primary crop. The world's top cocoa producer is in its dry season which runs from mid-November to March, when downpours are limited. Farmers in practically all regions other than the western among Soubre, where rainfall was well above average, and Abgoville in the south, where rains were a little second-rate, stated the weather could hurt little pods that will be harvested in February and March. Farmers

World Bank ventures into debt swaps with Ivory Coast education deal