Ivory Coast, mineral and social development.

Cote d’Ivoire with its unique environment is one of the
countries in West Africa. Underground exploitation is still in its early stages, but it is one of the most profitable businesses in the future.

Natural resources as the key to productivity

Endorsed as important natural resources, agricultural species (for a variety of crops, the country holds a record among African producers), and is characterized by remarkable political stability that has allowed the government to devote itself to strengthening productive activities. Côte d’Ivoire has been able to achieve a significant process of economic growth, and has become one of the leaders in this industry in Africa.

With a substantially liberal economy, the Ivory Coast has guaranteed absolute peace of mind for foreign investment, especially France, but also in the United States, Germany, etc., which find there an abundance of raw materials and cheap labor.

We can contribute to a balanced, sustainable and comprehensive economic development of the country.

This can be done in a European context as well as promoting Italian investment in the country.

Already 90 Italian companies operate in Ivory Coast. The country is rich in a large number of minerals: diamonds, manganese, nickel, bauxite and gold, in addition to this, the first exploration has begun to verify the presence of oil deposits in its territorial waters.

The Ivory Coast is a country that has developed at a steady pace after the political crisis, with an average GDP growth of 8-9%. Good economic performance was also confirmed for 2018.

The Ivory Coast can be considered the locomotive of West Africa, a country that, given these numbers, would be the envy of most European countries. Half of the cash reserves of the entire Economic Community of West Africa (UEMOA) go to Côte d’Ivoire, and over 40% of goods are exported from the port of Abidjan.

 

Transport routes through the country

 The reform process must continue through inclusive policies: wealth redistribution, education, health care,

university, technical training. In addition to this, the challenge is to develop an economy of transformation. This is possible because the country has good economic foundations.

Evaluation of communications is important for the correct development of activities. In fact, the Ivory Coast has a 660 km railway line that runs from Abidjan across the country from south to north and then continues to Burkina Faso; but it is on a road network, one of the best in West Africa, where most of the traffic passes. On the other hand, inland waterways are of little importance; however, river lower reaches and coastal lagoons are used for local transport. Finally, in support of increasingly lively exchanges with foreign countries, the country can count on the very busy port of Abidjan and the capital’s international airport. Exports are always based on agricultural and forestry products (coffee, cocoa, timber, bananas, cotton, fresh fruits, etc.),However, certain industrial products (fabrics, canned pineapples, petroleum products, cocoa butter, instant coffee) are beginning to play a role. etc.) and minerals. Apart from France, exchanges take place mainly with the United States, Germany, the Netherlands, Italy, but increasingly with some African countries such as Senegal and Nigeria.

Political environment: work freely in a free country

Since 1983, the official capital of the country is Amoussoukro; however, Abidjan remains the administrative center. Most countries have their own embassy in Abidjan. The population suffered from the civil war that followed the death of President Felix Houfouet-Boigny. The civil war is now over, and President-elect Alassane Ouattara took office in May 2011. Currently, there is a phase of political stability and attempts to consolidate democratic foundations, also supported by significant economic growth since 2011. In October 2015, the first political elections were held after the 2010 civil war, chaired by the Independent Electoral Commission, which characterized a peaceful environment with 54.63% participation and confirmation of the departure of President Alassane Ouattara.

Development of the mineral industry

Abidjan and its environs are the zone of the greatest industrial concentration of the state. This growth, which took place without the development of organic regulation plans, provoked a very strong exodus of the rural population to the former capital and, therefore, a strong territorial imbalance. For this reason, the government has intensified its efforts to ensure a more homogeneous development of the country through the decentralization of new industrial activities. Côte d’Ivoire has untapped mineral resources: some diamond deposits, small reserves of iron, bauxite, gold and natural gas. In 1995, the development of offshore oil fields began, the production of which is constantly growing. Electricity production mainly comes from water: several hydroelectric power plants operate on the rivers Bia, Bandama,Comoe and Cavalla. The Mining Code is local legislation that allows the Ivorian government to control the use of mineral resources. It is based on an international project that was recently updated in accordance with the 2014/138 law of the Ivory Coast legal system. Le nouveau Code minier ivoirien impose de nouvelles is contrary to the principles of aux opérateurs miniers for handymen, mining debtors, in exclusive offices that employ entrepreneurs. As another example, the technical part of the entire mining operation should have more than 6 months of experience in the same activity and should be appointed by the local government representative of the Department of Mines. To achieve this goal,a decision must be made to use the taxable ability to finance the operation of the owner of the Ministry of Operations in order to ensure bankruptcy in the economy at the premieres of the future in Côte d’I. d’Ivoire. The compilation of this reserve, the terms of which have yet to be determined, is difficult for sector operators. The new Mining Code requires operators in this sector to respect the principles and management criteria established by the Extractive Industries Transparency Initiative (EITI). New binding clauses also include article 131, which requires investors to use Ivorian companies and expertise to provide mining services as part of subcontracting contracts, and such contracts should be reported to line managers. In this context, it is expected thatthat the mining licensees and their subcontractors would have to employ primarily Ivorian citizens and contribute to the funding of their training program.

Likewise, they should also contribute to funding the capacity building of mining administration agents and the training of Ivorian mining engineers and geologists.

But beyond these restrictions and penalties, the new Ivorian mining code looks like a modern device and interferes with the framework of action taken at the level of the countries of the subregion, emphasizing the need for a transparent regulatory framework that safeguards both the interests of the state, investors and the public.

“Code Minier” or Mining Regulations

Given the enormous potential of Ivorian land, local governments are improving internal regulation to ensure specific exploitation of industrial, semi-industrial or artisanal mining.

The Mining Code is local legislation that allows the Ivorian government to control the use of mineral resources. It is based on an international project that was recently updated in accordance with the 2014/138 law of the Ivory Coast legal system. Le nouveau Code minier ivoirien impose de nouvelles contraintes aux opérateurs ministers for the multifaceted interests of the mining industry, in exceptional positions, including experienced ones.

As an additional requirement, the technical manager for all mining operations must have more than 6 months of experience in the field and must be appointed as the local government representative in the Department of Mines. To achieve this, a decision must be made to use the taxable potential to finance the operation of the owner of the Ministry of Operations in order to ensure bankruptcy in the economy at the premieres of the future in Côte d’Ivoire. The compilation of this reserve, the terms of which have yet to be determined, is difficult for sector operators.

The new Mining Code requires operators in this sector to respect the principles and management criteria established by the Extractive Industries Transparency Initiative (EITI).

New binding provisions also include article 131, which requires investors to use Ivorian companies and expertise to provide mining services as part of subcontracting contracts, and such contracts should be reported to the mine administration. In this context, it is expected that mining licensees and their subcontractors will have to recruit primarily Ivorian citizens and contribute to the funding of their training program.

Likewise, they should also contribute to funding the capacity building of mining administration agents and the training of Ivorian mining engineers and geologists. But beyond these restrictions and penalties, the new Ivorian mining code looks like a modern device and interferes with the framework of action taken at the level of the countries of the subregion, emphasizing the need for a transparent regulatory framework that safeguards both the interests of the state, investors and the public.