ARTICLE · 12 SEPTEMBER 2014

Ivory Coast Mining Code Update: Adoption Of The Implementing Legislation

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The Ivorian Parliament approved a new mining code on March 5 which aimed at modernizing the mining sector and increasing its transparency.

Ivory CoastEnergy and Natural Resources

Cynthia Urda Kassis

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As highlighted in our client alert of March 7, 2014, the Ivorian Parliament approved a new mining code (the "New Mining Code") on March 5 which aimed at modernizing the mining sector and increasing its transparency.

However, in the absence of any implementing legislation, operators have been unable to assess exactly the extent of the changes brought by the New Mining Code as its main provisions appeared broad enough to leave a certain degree of flexibility to the government.

Many of these missing key details were recently supplemented with the adoption of (i) order no. 2014 148 (the "New Order") published on May 29, 2014 which introduces revised ad valorem and land royalties and (ii) decree no. 2014-660 (the "New Decree") adopted on June 25, 2014 (to be published soon) which provides clear answers on some, if not all, of the questions that were left open in the New Mining Code (together with the New Mining Code, the "New Mining Legislation").

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