Industry & Mining

Industry has quickly become a critical component of the Ivorian economy. This is due, in large part, to an abundance of highly sought-after natural resources. Despite insufficient levels of investment in previous years, Côte d’Ivoire is slowly trying to reclaim its former position as West Africa’s manufacturing centre. Indeed, the sector’s profile is being raised by the creation of new industrial zones and the renovation of existing ones. With several of the world’s mining operators increasing their commitment to West Africa, Côte d’Ivoire remains one of the least explored countries in the region. Mining activity is set to increase in the coming years; however, further investor confidence will depend on the ongoing implementation and validation of the new mining code over the medium term. Easing operating costs by improving infrastructure and logistics performance, as well as reducing electricity prices, which can account for 27% of production costs for mining companies in Côte d’Ivoire, should galvanise further investment.

This chapter contains an interview with Mark Bristow, CEO, Randgold Resources.