Title: Kibali Goldmines Leading Gold Production in Africa: An Economic and Environmental Success Story
Introduction :
The Kibali gold mine, located in the Democratic Republic of Congo, continues to assert its position as the largest gold mine in Africa. During the last quarter, Kibali Goldmines recorded a significant increase in production, in line with its growth plan. This success was announced by the Chairman of the Management Board of Kibali Goldmines during a press conference in Kinshasa. With sufficient reserves to replace depleted reserves, the mine is preparing to roll out an ambitious new 10-year plan.
A successful partnership:
The Kibali mine, managed by Barrick Gold Corporation, has established a solid partnership with the government of the Democratic Republic of Congo and local communities. In ten years, it has invested 4.6 billion US dollars in the country in the form of dividends, royalties and taxes. In addition, Kibali Goldmines favors Congolese suppliers and contractors, having paid $2.5 billion to these local players. This economic contribution has enabled the development of a thriving local economy in a region that was previously underdeveloped.
Sustainable production:
The exploitation of the Kibali mine is not done at the expense of the environment. Indeed, it draws a large part of its energy from three hydroelectric power stations built on the Kibali and Nzoro rivers. To reinforce its commitment to renewable energy, the mine has also planned the construction of a 16 megawatt solar power plant to guarantee constant production during the dry season. This will increase the mine’s renewable energy volume from 79% to 88% of the energy grid. Kibali Goldmines thus contributes to the conservation of the environment while ensuring its gold production.
Shared benefits:
In addition to its economic and environmental impact, Kibali Goldmines is also socially committed. The mine supports Garamba National Park, contributing to the conservation of valuable biodiversity. Recently, she even successfully reintroduced white rhinos to the park, offering a ray of hope for this endangered species. A total of 16 rhinos have been introduced, with another 60 expected over the next three years. These actions demonstrate Barrick Gold Corporation’s commitment to the DRC and its desire to preserve nature for future generations.
Conclusion :
The Kibali gold mine is an example of economic, environmental and social success. Its continued growth attests to its status as Africa’s largest gold mine. Thanks to a strong partnership with the Congolese government and local communities, Kibali Goldmines contributes to the economic development of the country. At the same time, the mine implements sustainable practices by using renewable energy for its activity and supporting the preservation of biodiversity