Skip to main content

Montage Gold has announced the discovery of a large gold deposit in north-west Côte d’Ivoire. The project will attract an initial investment of 400 billion CFA francs, the company’s head Martino de Ciccio said at a meeting with Ivorian President Alassane Ouattara.

According to the president’s press office, the Montage Gold CEO announced at the meeting the discovery of a “major world-class gold deposit” in the departments of Kani and Dianra, known as the Koné Project. The project will attract an initial investment of 400 billion CFA francs, create 4,500 jobs, and finance social projects in these localities, the CEO added.

According to de Siccio, the resources of this deposit, the largest in the country today, are estimated at 155.5 tonnes of gold. Construction of the mine will begin in the fourth quarter of 2024, with production scheduled to start in 2027.

The Koné Project mine is expected to have a processing capacity of 11 million tonnes of ore per year, making it the third largest in West Africa after mines in Burkina Faso and Guinea, which have a capacity of 12.3 million tonnes and 12 million tonnes respectively.

“In conclusion, the Chairman and CEO of Montage Gold Mining Group thanked President Alassane Ouattara for the continuous improvement of the business environment in our country, as well as the atmosphere of peace and security that has contributed to this important opening,” emphasised the Ivorian president’s press office.

Source: The country’s largest gold deposit has been discovered in Côte d’Ivoire – African Initiative – news agency (afrinz.ru)