News Industry

Côte d’Ivoire Grants Mining Permits for $1.25 Billion Gold Projects

Côte d’Ivoire Grants Mining Permits for $1.25 Billion Gold Projects
Thursday, 05 February 2026 10:26
  • Côte d’Ivoire grants mining permits for Assafou, Doropo gold projects

  • Approvals clear way for construction starting 2026-2028

  • Projects boost output as gold production targets 100 tonnes

The government of Côte d’Ivoire adopted two decrees during a Cabinet meeting on Wednesday, Feb. 4, granting mining permits for the Assafou and Doropo gold projects. The approvals clear the way for construction at both future mines in a country where annual gold production is expected to reach 100 tonnes by the next decade, up from 58 tonnes in 2024.

Assafou is considered one of the next major gold mines in Côte d’Ivoire and is expected to enter the construction phase in the second half of 2026, according to its operator, Endeavour Mining. At Doropo, Australian owner Resolute Mining is targeting the start of construction in the first half of the year. In both cases, the timelines were conditional on obtaining mining permits.

With permits now secured, the two companies can move ahead with development of these assets, which are expected to strengthen the country’s gold production capacity. According to a pre-feasibility study published in late 2024, Assafou could produce 329,000 ounces of gold annually during its first 10 years, with construction costs estimated at $734 million. Doropo is expected to produce an average of 170,000 ounces per year over a 13-year mine life, with total investment estimated at $516 million.

Beyond their contribution to gold output and future revenues, the projects are also expected to have a significant impact on employment. A government note said the Doropo project could generate around 1,600 direct jobs during construction, followed by 800 direct jobs once operations begin.

Further steps ahead

With government approval secured, Endeavour Mining and Resolute Mining must still complete final internal steps before construction begins at their respective sites. At Doropo, the next milestone is a final investment decision (FID), with production targeted for early 2028.

Resolute Mining said in January it plans to allocate up to $190 million to fund development work at Doropo in 2026, to be financed from internal resources. At Assafou, Endeavour Mining must still complete a definitive feasibility study, a key step ahead of a final investment decision. The study will update parameters set out in the pre-feasibility phase. Production is currently expected to start in the second half of 2028.

These developments come amid a bullish gold market. Prices hit a recent peak last week before easing slightly, a trend that could support investment in new gold projects as further highs are anticipated in 2026.

Aurel Sèdjro Houenou

On the same topic
Banque Misr adds $1.34 million financing to Cairo 3A energy project Hybrid solar, battery, diesel system powers poultry production...
TotalEnergies seeks logistics suppliers for Mozambique LNG project Tenders cover helicopter transport and port services operations Move signals...
Nigeria urges Gulf producers to invest in its oil sector Minister says Nigeria can help diversify global hydrocarbon supply Call comes amid Middle...
Sovereign Metals signed a new rutile sales memorandum with Mitsui & Co. for its Kasiya project in Malawi. Mitsui could purchase up to 70,000 tonnes of...
Most Read
01

The BCEAO cut its main policy rate by 25 basis points to 3.00%, effective March 16. Inflation...

BCEAO Cuts Key Rate to 3.00% as WAEMU Faces Deflation
02

Ethio Telecom has signed a new agreement with Ericsson to expand and modernize its telecom netwo...

Ethiopia’s State-Owned Telco Teams Up With Ericsson to Expand and Upgrade Its Network
03

EIB commits over €1 billion for renewable energy in sub-Saharan Africa Funding supports Miss...

EIB Commits €1 Billion to Renewable Energy Under Africa’s “Mission 300” Initiative
04

MTN Zambia tests Starlink satellite service connecting phones directly from space Direct-to...

Satellite direct-to-device telecoms: promise, momentum and hard limits
05

Nigeria introduced a 1% flat tax on the turnover of informal-sector businesses under a new presump...

Nigeria Rolls Out 1% Tax on Informal Businesses Under New Fiscal Framework
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.