[miningmx.com] – THE revision of Ivory Coast’s mining code represented a “genuine win-win” in which social and environmental matters were the focus whilst accommodating investors, said the Financial Times citing Randgold Resources CEO, Mark Bristow.
However, there were obstacles to investing in the West African country’s mining sector including the need to improve its geological data. “You have to invest in R&D,” Bristow told the Financial Times. “It is another hurdle. We have to get the geological information up to date,” he said.
Randgold Resources, which also operates in Mali and the Democratic Republic of Congo, produces some 200,000 ounces of a gold a year from the Tongon mine in the Ivory Coast.
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