Côte d’Ivoire is one of Africa’s most developed countries with outstanding infrastructure including an expansive network of high voltage transmission lines distributing hydro-electrical power. There are several high voltage transmission lines in northern Côte d’Ivoire in close proximity to the Côte d’Ivoire Gold Projects. There are excellent bitumen roads throughout the north part of the country. These roads provide good access to the project areas with only relatively short distances of unsealed roads which are in excellent condition and should provide near all year-round access to the projects.

Côte d’Ivoire has the largest endowment of mapped greenstone belts in West Africa which provide massive scope for new gold discoveries given the limited amount of historical exploration.
Côte d’Ivoire has experienced a period of political stability since 2011 with consistent >7% pa GDP growth. The last general elections were held in 2015 and the next are scheduled for 2020. A new modern, transparent and attractive mining code was implemented in March 2014 which provides for:

  • Tax holiday for initial 5 years of production
  • Variable royalty rate based on prevailing gold price (3.5% at US$1,000-US$1,300/oz)
  • 10% government interest in mining licences following capital repayment
  • Exemption from VAT and Import Duties for both exploration and mining licences
  • Exploration licences valid for initial term of 4 years with the right to further two 3-year renewals and a further 2-years for feasibility (i.e. 12 years in total)
  • Mining licences valid up to 20 years with consecutive 10-year renewals
  • Right to 12-year Mining Convention (renewable for 10-year periods) to provide long term certainty

Location of Côte d’Ivoire Gold Projects