A new mining code (the “New Mining Code”) was voted by the Ivorian Parliament on March 5. Current mining titles will be valid for their remaining term but their renewals will be subject to the provisions of the New Mining Code.

Changing the mining code had been a recurring theme with Ivorian governments over the past years and the mining companies and Shearman & Sterling had provided industry comments on previous bills at various stage of the process. This New Mining Code aims, as is often announced in such cases, at modernizing the mining sector and increasing its transparency.