Ivory Coast Gold Output Increases 142% in 2009

16 February 2010 (Last Updated February 16th, 2010 18:30)

The Ivory Coast produced 6.94t of gold in 2009 compared to 2.87t of output in 2008. This marks a 142% increase from last year's figure. The output will further increase as a Randgold Resources’ mine, located in Ivory Coast's north, starts operations, according to Reuters.

The Ivory Coast produced 6.94t of gold in 2009 compared to 2.87t of output in 2008.

This marks a 142% increase from last year's figure.

The output will further increase as a Randgold Resources’ mine, located in Ivory Coast's north, starts operations, according to Reuters.

The Ivory Coast is looking for a high revenue return from gold mining which will allow the company to diversify its economy away from oil and cocoa, in which it grows 40% of global supply.