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Chad suspends new mining permits to drive economic diversification
Chad is implementing significant mining reforms to diversify its economy away from oil dependency. Under the 'Chad Connection 2030' national development plan, the government aims to increase the mining sector's contribution to 5% of nominal GDP by 2030, up from approximately 1% in 2023.
To facilitate this transition and gain better control over mineral resources, the Ministry of Mines suspended the issuance of new mining prospecting permits across the country on September 10, 2026. The strategy focuses on modernizing the legal framework, accelerating geological mapping, and industrializing production, specifically through gold refining.
Standard & Poor’s (S&P) projects that Chad's gold exports could reach nearly $2 billion by 2026. This growth is driven by increased artisanal activity in the north and efforts to formalize and capture official revenue flows through state entities like the Société nationale d’exploitation minière et de commercialisation (SONEMIC).
Entities
Chad · Extractive Industries Transparency Initiative · Fatima Haram Acyl · Ministry of Mines · SONEMIC · Standard & Poor’s · UAE Aid Agency · World Bank · World Food Programme
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] Chad's gold exports could reach nearly $2 billion in 2026. africtelegraph.com
- [○ 1 SOURCE] The Chadian government suspended the granting of new mining prospecting permits on September 10, 2026. afrikactus.com
- [○ 1 SOURCE] The government plans to award at least 10 mineral exploration permits by 2030. afrikactus.com
- [○ 1 SOURCE] The 'Chad Connection 2030' plan aims to increase the mining sector's share of nominal GDP to 5% by 2030. afrikactus.com