Wednesday, October 15, 2014

Ivory Coast Gold

Ivory Coast is a country in West Africa. It borders Liberia, Guinea, Mali, Burkina Faso, and Ghana; its southern boundary is along the Gulf of Guinea.

Ivory Coast has experienced one coup d’├ętat, in 1999, and a civil war, which broke out in 2002. A political agreement between the government and the rebels brought a return to peace. In late 2011, museum authorities in Ivory Coast contacted Interpol after thieves stole historic gold jewellery, masks and statues worth an estimated $6m (£3.7m).
The thefts from the country's main museum took place during the recent battle for Abidjan between forces loyal to current President Alassane Ouattara and the former leader Laurent Gbagbo.

The Ebola outbreak in West Africa is an ongoing human tragedy. It also has the potential to impact commodity markets and companies that operate in the region, though its impact so far has been muted. Liberia, Sierra Leone and Guinea have seen confirmed outbreaks. They’re bordered by Mali, Ivory Coast, Senagal and Guinea-Bissau. In a note, Deutsche Bank commodities analysts say the outbreak poses the biggest threat to gold and cocoa production, while also highlighting the threat to mining companies.