MINING IN COTE D'IVOIRE (TMG CI)
TMG Group has expanded into Côte d’Ivoire with intentions to acquire licenses for gold, diamond and oil. In 2014, the subsidiary TMG-CI was launched in Abidjan.
TMG -CI main activities comprises mining, agriculture and infrastructure.
TIGUI MINING GROUP-COTE D'IVOIRE (TMG-CI), has since 2015 conducted geological reconnaissance trips in regions with high mineral potential and hired a team of 10 local men and women miners and geologists to pursue its extension in Cote d'Ivoire.
TMG -CI prospection sites are Odienne and Logouale. In these zones, we have conducted the first phase of soils samplings and analysis with laboratory results(wells campaign on gold panning site in river beds and sampling of termite mounts), to delimitate viable areas for semi-industrial exploitation for gold before starting the process of license acquisition.
GOLD PROSPECTIONS IN ODIENNE & MAN
Town in western Côte d’Ivoire, and a commune of Man department in Tonkpi region
The soil is made of laterite, pisolite, and sand coming from the alteration of granitic formations. This set covers migmatite granites which show on surface via the formation of some granite domes in the region.
TMG-CI has found significant presence of gold and has extended the research to find the primary source of mineralization
Located in northwestern Côte d’Ivoire, at 867 km from Abidjan
Limited presence of gold. TMG-CI has extended the research
Country of western sub-Saharan Africa. It shares its borders with Liberia and Guinea in the West, Mali and Burkina Faso in the North, Ghana in the East and the Gulf of Guinea (Atlantic Ocean) in the South.
Population: 23.29 Million (2015 estim)
GDP at market prices (current US$): $31,27 billion (2015 estim)
GDP Composition by sector: agriculture: 28%; industry: 21.3%; services: 50,7%
Mining in Côte d’Ivoire
Côte d’Ivoire has a considerable mineral potential, with important occurrences of gold, diamonds, iron, nickel, cobalt, copper and manganese, and bauxite. The country has a broad commodity base with undeveloped iron ore, bauxite, nickel, manganese and tantalite resources. Artisanal workings of gold and diamonds are widespread. Gold has been at the forefront of exploration since the introduction of a new favorable mining investment code in 1995. Nearly all of the prospecting and mining licenses being issued are for gold. Since 2011, the government focuses on diversifying the economy, and has set ambitious development goals, with a plan to triple gold production in the next four to six years. The government is in the process of drafting a revised mining code to replace the current version.
Aigriculture in Côte d’Ivoire
The agricultural sector is the largest employer in Ivory Coast and engages two-thirds of the population are employed in the agriculture sector, which represents 30 per cent of GDP and 70 per cent of export earnings. Cote d'Ivoire is the world's largest producer and exporter of cocoa beans and a significant producer and exporter of coffee and palm oil. Other agricultural products are bananas, palm kernels, corn, rice, cassava (manioc, tapioca), sweet potatoes, sugar, cotton, rubber; timber. Rice, yam, cassava, plantain, maize and vegetables are the main food crops grown, predominantly by small scale farmers. Côte d'Ivoire is self-sufficient in cassava, yam and banana but depends heavily on imports for rice, milk and dairy products, meat and fish.