AIRLINK 81.10 Increased By ▲ 2.55 (3.25%)
BOP 4.82 Increased By ▲ 0.05 (1.05%)
CNERGY 4.09 Decreased By ▼ -0.07 (-1.68%)
DFML 37.98 Decreased By ▼ -1.31 (-3.33%)
DGKC 93.00 Decreased By ▼ -2.65 (-2.77%)
FCCL 23.84 Decreased By ▼ -0.32 (-1.32%)
FFBL 32.00 Decreased By ▼ -0.77 (-2.35%)
FFL 9.24 Decreased By ▼ -0.13 (-1.39%)
GGL 10.06 Decreased By ▼ -0.09 (-0.89%)
HASCOL 6.65 Increased By ▲ 0.11 (1.68%)
HBL 113.00 Increased By ▲ 3.50 (3.2%)
HUBC 145.70 Increased By ▲ 0.69 (0.48%)
HUMNL 10.54 Decreased By ▼ -0.19 (-1.77%)
KEL 4.62 Decreased By ▼ -0.11 (-2.33%)
KOSM 4.12 Decreased By ▼ -0.14 (-3.29%)
MLCF 38.25 Decreased By ▼ -1.15 (-2.92%)
OGDC 131.70 Increased By ▲ 2.45 (1.9%)
PAEL 24.89 Decreased By ▼ -0.98 (-3.79%)
PIBTL 6.25 Decreased By ▼ -0.09 (-1.42%)
PPL 120.00 Decreased By ▼ -2.70 (-2.2%)
PRL 23.90 Decreased By ▼ -0.45 (-1.85%)
PTC 12.10 Decreased By ▼ -0.89 (-6.85%)
SEARL 59.95 Decreased By ▼ -1.23 (-2.01%)
SNGP 65.50 Increased By ▲ 0.30 (0.46%)
SSGC 10.15 Increased By ▲ 0.26 (2.63%)
TELE 7.85 Decreased By ▼ -0.01 (-0.13%)
TPLP 9.87 Increased By ▲ 0.02 (0.2%)
TRG 64.45 Decreased By ▼ -0.05 (-0.08%)
UNITY 26.90 Decreased By ▼ -0.09 (-0.33%)
WTL 1.33 Increased By ▲ 0.01 (0.76%)
BR100 8,052 Increased By 75.9 (0.95%)
BR30 25,581 Decreased By -21.4 (-0.08%)
KSE100 76,707 Increased By 498.6 (0.65%)
KSE30 24,698 Increased By 260.2 (1.06%)

imageABIDJAN: Turnover in Ivory Coast's mining sector jumped 24 percent last year, boosted by a rise in gold production even as output of other metals languished because of low commodity prices, a government spokesman said on Wednesday.

Turnover hit 479 billion CFA francs ($802.09 million) in 2015, up from 385 billion CFA in 2014, while gold production rose to 23.5 million tonnes, up from 20 tonnes in 2014, government spokesman Bruno Nabagne Kone said after a cabinet meeting on Wednesday.

Gold was a bright spot for miners in the country where the commodity price slump has hampered development. The world's top cocoa grower hopes to develop its mining sector as part of efforts to diversify the economy after a decade-long political crisis.

Manganese output fell to 263,178 tonnes in 2015, from 362,000 tonnes the year before, Kone said.

Diamond activity restarted in April 2014 and in 2015 about 13 lots of exports worth 13,900 carats earned about one billion CFA francs.

"The mining sector in 2015 was strongly influenced by the significant drop in prices of all mining products. However, industrial production of gold is constantly growing," Kone said, adding it aimed to increase gold output to 30 tonnes by 2020.

Two new gold mines and a new manganese mine are under construction, he said.

By contrast, important iron, nickel and cobalt projects in the west of the country could be stalled because of low prices and logistical problems, Kone said.

Copyright Reuters, 2016

Comments

Comments are closed.