Wed. May 22nd, 2019

MINISTRY OF MINES CAMEROON NEWS (Millions invested but gold mining ‘under-exploited’ in W.Africa: experts)

MINISTRY OF MINES CAMEROON NEWS

Mining companies have invested at least $5 billion towards gold exploration in West Africa in the last decade but significant reserves are under-exploited, mineral industry experts said on Tuesday.

Delegates at the Ecomof mining and petroleum forum in the Ivory Coast commercial capital Abidjan were told that more must be done to attract international investors to develop mining potential.

“Throughout West Africa there are interesting minerals, gold, iron, nickel, manganese among others,” said Kadjo Kouame, managing director of Sodemi, the Ivory Coast mining development company.

Ivory Coast and Ghana are among the world’s top cocoa producers but are now seeking to diversify their economies by mining precious metals and newly discovered reserves of oil.

“But there is a real job to do to attract investors and diversify projects, too focused on gold,” Kouame added.

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