Business A.M
No Result
View All Result
Sunday, February 22, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Agriculture

Traceability, due diligence system successfully implemented to bolster Côte d’Ivoire artisanal gold supply chain

by Admin
January 21, 2026
in Agriculture, Commodities, WORLD BUSINESS & ECONOMY
Onome Amuge
Natural resources organisation, IMPACT, in conjunction with the European Union (EU), has successfully implemented a traceability and due diligence system for artisanal gold from a mine site in Côte d’Ivoire to the international market as an initiative of the Just Gold project.
The Just Gold project supports artisanal gold miners and provides evidence of traceability enabling buyers in the international market to successfully track their gold directly to the pit it was mined.
The first responsible export of artisan gold comprised a 755 ingot of gold mined in Dabakala, a north-eastern town of Côte d’Ivoire, which was eventually traced to Abidjan, capital of the West African country where the exporter is located, with full due diligence completed on the supply chain.
This development is foreseen as a support system for  private sector actors to complete due diligence on their supply chain to identify, mitigate, and publicly report on risks such as human rights abuses, forced and child labour, and corruption.
Joanne Lebert, IMPACT’s executive director, assures that this responsible export of artisanal gold is a major turning point for Ivorians who can now count on traceability and due diligence mechanisms for their supply chain thereby opening a window to the international market for the country’s artisanal miners.
In the same vein, he stated that export has demonstrated that supply chain due diligence can be commercially viable for all actors, and is both scalable and sustainable.
The Just Gold project has continued to operate despite the COVID-19 pandemic during which time  artisanal mining communities have been severely affected coupled with the continuous drop of gold prices and increase in cost of living.
However, the Just Gold project assures the cooperative and its members to be paid a fixed price which will be calculated based on a method which minimizes the impact of local price fluctuations in times of crisis.
According to Jobst von Kirchmann, the ambassador of the European Union in Côte d’Ivoire, the Just Gold project offers Côte d’Ivoire unexplored opportunities for economic activity and development to thrive .
He further noted that in present times, consumers and the private sector are paying more attention to the conditions in which their products are manufactured and when they purchase gold, they want to be sure it isn’t tied to illicit trade or human rights violations.
He posited that the Ivorian government recognizes the importance of due diligence in contributing to sustainable development and increasing artisanal gold production, and is taking important steps in this direction which is believed to be even more important given that under new European regulations coming into force in 2021, European importers of minerals inclusive of gold will be required to complete due diligence on their supply chain.
The Just Gold project was first successfully implemented in the Democratic Republic of Congo in 2017. The project offers incentives for artisanal gold miners to channel their product to legal exporters and eventually, responsible consumers. The European Union has so far provided €1.5 million for the project, which will be implemented in Côte d’Ivoire for a period of two and a half years.

The Francophone country’s ministry of mines and geology reported that the government lost 479.22 billion CFA (approximately €730.5 million) due to illegal gold mining.

Despite staunch speculations that there are over 240 illegal gold mining sites across the country, mined by tens of thousands of unlicensed miners, an increase in the artisan gold production sector  has seen Côte d’Ivoire rise to become the current 7th largest gold producer in Africa.

Admin
Admin
Previous Post

NNPC legal team wins Africa Arbitration award after saving $4bn in national liabilities

Next Post

Côte d’Ivoire, Ghana, world’s top cocoa producers, consider hiking farm gate price

Next Post

Côte d’Ivoire, Ghana, world’s top cocoa producers, consider hiking farm gate price

  • Trending
  • Comments
  • Latest
Igbobi alumni raise over N1bn in one week as private capital fills education gap

Igbobi alumni raise over N1bn in one week as private capital fills education gap

February 11, 2026
NGX taps tech advancements to drive N4.63tr capital growth in H1

Insurance-fuelled rally pushes NGX to record high

August 8, 2025

Reps summon Ameachi, others over railway contracts, $500m China loan

July 29, 2025

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

July 29, 2025

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

Unilever Nigeria expands social investment with Ogun school upgrade

Unilever Nigeria expands social investment with Ogun school upgrade

February 22, 2026
Nigeria unveils N800bn industrial push to cut oil dependence

Nigeria unveils N800bn industrial push to cut oil dependence

February 20, 2026
CMAN calls oil revenue reform key to investor confidence recovery

CMAN calls oil revenue reform key to investor confidence recovery

February 19, 2026
Zoho targets Africa expansion after 30 years with self-funded growth strategy

Zoho targets Africa expansion after 30 years with self-funded growth strategy

February 19, 2026

Popular News

  • Igbobi alumni raise over N1bn in one week as private capital fills education gap

    Igbobi alumni raise over N1bn in one week as private capital fills education gap

    0 shares
    Share 0 Tweet 0
  • Insurance-fuelled rally pushes NGX to record high

    0 shares
    Share 0 Tweet 0
  • Reps summon Ameachi, others over railway contracts, $500m China loan

    0 shares
    Share 0 Tweet 0
  • CBN to issue N1.5bn loan for youth led agric expansion in Plateau

    0 shares
    Share 0 Tweet 0
  • Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

Unilever Nigeria expands social investment with Ogun school upgrade

Unilever Nigeria expands social investment with Ogun school upgrade

February 22, 2026
Nigeria unveils N800bn industrial push to cut oil dependence

Nigeria unveils N800bn industrial push to cut oil dependence

February 20, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M