The economic potential of Ivory Coast promises to be most radiant. According to the opinion of many experts, the Ivorian economy is one of the most dynamic in the world.Africa. For many years, the RCI has relied on its impressive agricultural potential to begin its development. For some time now, the nation of Éburnie has decided to implement an ambitious investment plan in the sector of hydrocarbons and mining.
In the mining sector, the Ivory Coast is about to literally move into another dimension. Regarding gold, many deposits have been discovered in the country. The potential is stratospheric and if it is well exploited, it will be able to propel Côte d’Ivoire into the leading ranks of gold-producing nations in Africa. In the near future, it is very likely that RCI will compete with behemoths of the gold industry such as Mali, Burkina Faso, Ghana and even South Africa.
Major investors are coming from all over the world to take advantage of the Ivorian gold veins. For several months, a tough battle between investors has held the gold industry in Ivory Coast in suspense. Indeed, Chinese investors are neck and neck to buy the Abujar gold mine, which is owned by the Australian company Tietto.
After long months of negotiations, it is the Chinese company Zhaojin Mining which is on the verge of outdoing its main competitors. Zhaojin Mining will become the majority shareholder of Tietto Minerals. We remember that in October 2023, the Chinese firm made a first takeover offer. Faced with the hesitation of the board of directors of Tietto Mineral, Zhaojin Mining came back in force with a substantial offer of $475 million.
According to information from the media Ecofin Agency, everything is on track for the Chinese company to take control of the Abujar gold mine. China is deploying a bold strategy to position itself on the African gold market. In addition to Ivory Coast, Chinese mining companies are making structuring investments in countries like Ghana where the gold industry is fairly well structured.
