Togo: Mining revenues stood at CFA20 billion in 2021

Mining

Thursday, 15 February 2024 03:43

Togo: Mining revenues stood at CFA20 billion in 2021

(Togo First) - Togo earned CFA19.84 billion from its mining industry in 2021. The figure was disclosed in the 2021 report by the Extractive Industries Transparency Initiative in Togo (EITI Togo).

The mining revenues are up by 13% compared to 2020. That year, they stood at CFA17.53 billion.

Most of the 2021 revenues were generated by large-scale operations. They earned the country CFA16.88 billion, against CFA14.68 billion in 2020 (+15%). Groundwater mining brought in CFA1.19 billion, as in the previous year. Building materials operators paid the State CFA880 million compared with CFA1.17 billion, while small-scale miners paid almost CFA900 million.

In Togo, most of the mining revenues come from phosphate. The sector’s leading export product, phosphate contributed 63% of the country’s export revenues - CFA 60.29 billion –in 2021. Clinker and raw limestone followed. They generated CFA 32.53 billion and 2.41 billion, respectively, in export revenues in 2021.

According to the EITI 2021 report, the extractive sector accounted for 1.4% of Togo's GDP in 2021, compared with 1.5% in 2020.

Esaïe Edoh

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