In a decree adopted at the Council of Ministers on Wednesday, July 10, 2024, the government of Côte d’Ivoire awarded mining exploitation permits to companies tasked with building the country’s largest gold mine.
The decree allows the company “PARNASSA INVEST SAS” to operate in Vavoua, Biankouma, and Facobly, granting them a research permit valid for nickel, iron, silver, cobalt, platinum, gold, copper, and chrome. This permit will be valid for four years and must adhere to technical and environmental regulations.
A second decree granted an exploitation permit for gold to the Canadian company “SHARK MINING – CDI SARLU” for operations in the regions of Dianra and Kani.
The total investment for this gold mine project is valued at 489 billion CFA francs (over 810 million dollars), making it the third-largest gold project in West Africa.
The project is anticipated to create approximately 2,500 direct jobs during the construction phase and an additional 1,000 jobs during the exploitation phase. Construction is expected to begin in the last quarter of 2024, with production starting in 2027.
