Ivory Coast's Mining Sector Faces Election Uncertainty

Ivory Coast's mining industry is on alert as a presidential election approaches. The election, which could see President Ouattara extend his tenure, poses potential risks, prompting miners to prepare for disruptions. A history of electoral violence underscores these preparations, reflecting the political tension in the nation.

Ivory Coast's rapidly expanding mining industry is on high alert as the nation heads into a contentious presidential election this Saturday. President Alassane Ouattara is seeking a fourth term, which has led to a heated political climate following the disqualification of key opposition figures.

A pivotal element of President Ouattara's economic diversification strategy, the mining sector, particularly gold, has thrived since his administration began in 2011. Gold production rocketed from 10 metric tons in 2012 to more than 58 tons by 2024, targeting 100 tons by 2030. This progress, however, stands on the precipice of potential disruption due to electoral tensions.

With fears of political unrest mounting, mining companies are taking no chances. Stockpiling essential supplies such as fuel and explosives and ensuring safety measures for staff have become priorities. Amidst West Africa's wider instability, Ivory Coast remains a relatively stable mining investment haven, drawing major players like Barrick and Endeavour.

(With inputs from agencies.)