⛏️ Ivory Coast Miners Begin Paying Higher Royalties After Resistance Fails

Gold mining companies in Ivory Coast have started paying higher government royalties, after months of resistance failed and firms were forced to comply with revised fiscal terms.

🔑 Key Facts:

🇨🇮 Royalty Hike: Ivory Coast enforced a flat 8% royalty on mining revenue, replacing earlier rates of 3%–6%.

⚖️ Failed Pushback: Mining firms initially challenged the move, arguing contract protections — but eventually began payments.

🏭 Industry Impact: Multiple gold producers operating in the country have already complied, though penalty questions remain.

📌 Why It Matters:

💰 More State Revenue: The move allows Ivory Coast to capture greater value from high gold prices.

📉 Investor Risk Signal: Higher royalties raise costs and may impact profitability and future mining investment.

🌍 Regional Trend: West African governments are increasingly tightening fiscal control over natural resources.

Ivory Coast’s royalty enforcement highlights a growing shift where resource-rich nations demand a larger share of mining profits — a key risk factor investors must watch in emerging markets.

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