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11 Apr 2019, Petia Krasteva, EMIS Editor

Ivory Coast’s gold production drops 3.6% in 2018

Ivory Coast has produced 24.5 tonnes of gold in 2018, CEEMarketWatch said referring to a cabinet statement. The output has declined by 3.6% on the year and is below the official target of 26.5mn tonnes. The government said the drop is related to lower production at the Tongon mine. The cabinet expects gold output to increase this year due to the commissioning of the CIL plant at the Ity gold mine in H1 2019 as well as selection of an investor to develop the Yaoure gold deposit, CEEMarketWatch said.

Overall, mining sector performance improved last year namely as higher production of base metals and of manganese in particular offset the drop in gold output. Tax revenues from the sector were up by 16.65% and direct jobs in mining jumped 26.63% in 2018.

Sign in and read the full article in emis.com, and find out more about EMIS. Original source: CEEMarketWatch