Lycopodium Wins $35 Million Contract for Côte d’Ivoire’s Koné Gold Mine
Canadian Company Breaks Ground on Massive Gold Mine in Ivory Coast
Koné, Ivory Coast - Construction has officially begun on what will be the largest gold mine in Ivory Coast, a project spearheaded by Canadian mining company montage Gold.with a total budget exceeding $835 million, the Koné mine is expected to be operational by the second quarter of 2027.
Australian engineering firm Lycopodium announced on Thursday that it had secured a $35.3 million contract for the mine’s processing plant. The contract encompasses engineering, procurement, and construction management (EPCM) for the plant, which will have a capacity of 11 million tonnes per year, along with related infrastructure. Lycopodium plans to commence work instantly.
This isn’t Lycopodium’s first involvement with the koné project. The company previously provided front-end engineering and design (FEED) services. Lycopodium also boasts experience in constructing other Ivorian gold mines, including Séguéla and Lafigué, both of which began production in 2023 and 2024 respectively.
While details regarding Ivorian subcontractors involved in the Koné mine’s construction haven’t been released, Montage Gold has emphasized its commitment to local employment. the company has already engaged members of the local community who received training at the Mankono Technical High School. A workforce of 350 is currently dedicated to the construction phase.
Mining Giant Strikes gold in Ivory coast with New Mega Project
Koné, Ivory Coast – Canada’s Montage Gold has kicked off construction on what’s set to become teh largest gold mine in Ivory Coast, a monumental project with a price tag exceeding $835 million.
The Koné Mine, slated for operation by the second quarter of 2027, has already seen major movement with Australian engineering firm Lycopodium securing a $35.3 million contract.
Lycopodium,no stranger to Ivorian gold,will be responsible for the mine’s processing plant,encompassing engineering,procurement,and construction management. The plant will boast a capacity of 11 million tonnes per year and include related infrastructure.
This isn’t Lycopodium’s first foray into the Koné project. Thay previously provided front-end engineering and design (FEED) services. The company also brings experience building other successful Ivorian gold mines, including Séguéla and Lafigué, which began production in 2023 and 2024 respectively.
While details on Ivorian subcontractors remain under wraps, Montage Gold has underscored its dedication to local employment.The company has already engaged members of the local community trained at the Mankono Technical High School, and currently employs a workforce of 350 for the construction phase.