Cote d'Ivoire's 2018 EITI Report covers extractive activities in the country for that fiscal year. The document is in French.
The country is a leading producer of gold, manganese as well as oil and gas. Yet social conflicts around mining operations has been widespread, with allegations of conflict minerals, child labour and environmental damage. National EITI implementation is supporting the government’s goals of becoming an emerging industrialised country by 2020 by building trust and supporting enforcement of regulations.
The three main taxes and fees imposed on companies operating in the mining sector include royalties, salary withholding tax and industrial and commercial profits tax. In the petroleum sector the three are the state’s share of profit oil, state-owned PETROCI’s share of profit and cost oil, and signature bonuses. The Tax Department is the main body responsible for collecting taxes paid to the central government, while PETROCI collects the state’s share of in-kind revenue. The Treasury Department is the main entity responsible for managing the allocation of these revenues. Municipal governments are responsible for levying and collecting municipal taxes and social expenditure.
Oil and gas contracts are required to be published in the Journal Officiel de la République de Côte d’Ivoire, but are not accessible online. The EITI is working to disclose these online.
Mining licences are awarded on a ‘first come first served’ basis, while oil and gas licenses are awarded either on a discretionary basis or through competitive tender. Thus far all oil and gas licenses have been production-sharing contracts.
According to Côte d’Ivoire’s 2016 EITI Report, The current legal framework does not require a public register of the actual owners of companies that
bid, operate or invest in extractive assets. A roadmap has been approved by CN-EITI to systematize disclosure of real property data by 2020. The actions agreed in the framework of the roadmap and the detailed study the legal framework of cleanliness in Ivorian law are available on the EITI website.
Altough there is no definition of beneficial ownership in the country's constitution, nor does the government hold a register with this information, the National EITI Council in Côte d’Ivoire applied the beneficial ownership definition used in the EU’s 4thAnti-Money Laundering Directive. Although some companies declared their legal owners, no private companies disclosed their beneficial owners. The report recommends further outreach and awareness raising to companies.
Côte d’Ivoire is a leading producer of mineral commodities such as gold and manganese. The country is also a significant producer of oil and gas. Ongoing development of oil and gas fields is taking place offshore. There is also significant artisanal and informal mining of diamonds and gold, in the country’s centre and West.
Côte d’Ivoire has rich deposits of gold, diamonds, iron, manganese, cobalt, bauxite, nickel, natural gas and petroleum. Abundant reserves of hydrocarbons are found offshore, while gold deposits are located in the central part of the country.
|Gold||90||million metric tons|
|Iron||3,000||million metric tons|
|Manganese||3,000||thousand metric tons|
|Cobalt||thousand metric tons|
|Bauxite||1,200||million metric tons|
|Nickel||390||million metric tons|
Further information on natural resources
The latest EITI disclosures (2016) show that Côte d’Ivoire received USD 687 million from extractive industry taxation. Over 90% of these revenues came from hydrocarbons, mainly crude oil, with the rest from mining, with gold as the major commodity. Revenues were collected through the state’s share of profit oil (35%), PETROCI’s share of in-kind revenue (profit oil and cost oil) (31%) and signature bonuses (3.4%).
The EITI encourages multi-stakeholder groups to explore innovative approaches to make the EITI more relevant and useful.
- EITI Cote d’Ivoire produced a film to raise awareness about the EITI, called ''Pétrole, gas et or de la Cote d'Ivoire, combien gagne-t-on?"
- EITI is collaborating with the Abidjan office of the Kimberley Process on diamonds.
- EITI is providing input to the drafting of new oil and mining codes, with a view to make EITI reporting mandatory.
EITI is updating its workplan, including plans to follow up on recommendations of EITI reporting. The Ministry of Mining and Industry has contracted Spatial Dimensions to develop an online Flexicadastre for mining.
The government issued Presidential Decree 2008-25 establishing the EITI multi-stakeholder group, known as the National Council for implementation of EITI Principles (Comité National pour la mise en œuvre des principes de l’ITIE), on 21 February 2008. Inter-Ministerial Decree 037/MEF/MMPE renewed the mandate of National Council members on 17 February 2012. The EITI is seeking to include requirements to participate in EITI reporting in new mining, oil and gas legislation.
Côte d'Ivoire was found to have made meaningful progress in implementing the 2016 Standard in May 2018. See the Validation Board decision here. The second Validation of the country will begin on 8 November 2019.
Côte d'Ivoire's 2017 EITI Report covers extractive activities in the country for that fiscal year. The document is in French