News

Senegal to join the top 7 African largest gold exporters, by 2035

  • Comments   -   Wednesday, 11 April 2018 - 19:18

(Ecofin Agency) - Senegal wants to join the top 7 largest gold exporters in Africa by 2035, the minister of mine and geology Aïssatou Sophie Gladima revealed.

Speaking during a validation workshop on the ministry’s annual joint review, she indicated that the country plans to increase its annual gold production from 7.25 tons in 2017, to 18 tons by 2023.

“In addition to Sabodala and Kharakhena mines, the Mako gold mining project which is estimated at 1.6 million ounces for an annual production of 140,000 ounces, has entered into commercial production test phase,” she explained as relayed by APA-Dakar.

Moreover, the country also wants to improve the iron, zircon and phosphate sectors, to become a “regional mining hub”.

Let’s recall that in 2017, Senegal produced 2.4 million tons of phosphate (the country’s main mining product), and wants to become the world's 4th-largest zircon producer by 2023, with an annual output of 90,000 tons.

Louis-Nino Kansoun


APPP2018 480x110 ENG

AXA Assurance Maroc SA acquired stakes in Dabadoc, a Moroccan startup that...
Read more |  18 September 2018
Last weekend, Cradle Arc announced that its PL33/2005 and PL180/2008 prospecting permits...
Read more |  17 September 2018
Last Saturday, Egypt’s oil minister Tarek al-Moulla informed in a release that...
Read more |  17 September 2018
Blue Garnet Ventures, an investment company that invests in African companies specialized...
Read more |  17 September 2018
Tunisia plans to issue $1 billion Eurobonds at the beginning of October 2018...
Read more |  17 September 2018
Every payment above EGP100,000 (about $5,500) to government institutions should be done electronically...
Read more |  17 September 2018
This week, the TSXV-listed company Tango Mining, announced that it concluded an...
Read more |  14 September 2018
AXA Assurance Maroc SA acquired stakes in Dabadoc, a Moroccan startup that...
Read more |  18 September 2018
Last weekend, Cradle Arc announced that its PL33/2005 and PL180/2008 prospecting permits...
Read more |  17 September 2018
Last Saturday, Egypt’s oil minister Tarek al-Moulla informed in a release that...
Read more |  17 September 2018
Blue Garnet Ventures, an investment company that invests in African companies specialized...
Read more |  17 September 2018
Tunisia plans to issue $1 billion Eurobonds at the beginning of October 2018...
Read more |  17 September 2018
Every payment above EGP100,000 (about $5,500) to government institutions should be done electronically...
Read more |  17 September 2018
This week, the TSXV-listed company Tango Mining, announced that it concluded an...
Read more |  14 September 2018

Copyright Agence Ecofin © 2018. All Rights Reserved.