Title: Kibali Goldmines: An exceptional performance for Africa’s largest gold mine
Introduction:
Kibali Goldmines, Africa’s largest gold mine, announced a significant increase in production during the last quarter. The mine is on track to meet its annual targets, according to the Chairman of the Board of Stewards, Dr Mark Bristow. This success demonstrates the implementation of a solid growth plan and positions Kibali Goldmines as one of the top mines in Barrick Gold Corporation’s portfolio.
A world-class mine:
With 10 years of experience, Kibali Goldmines is preparing to roll out a new 10-year plan to ensure its continued growth. The mine is classified as a Barrick Tier I mine, which is capable of producing over 500,000 ounces of gold at a cost below the industry average for at least 10 years. This speaks to the quality and profitability of Kibali’s operation.
A renewable energy source:
Kibali Goldmines is also committed to sustainable development. The mine gets most of its energy from its three hydroelectric power stations, built on the Kibali and Nzoro rivers. This choice of renewable energies allows the mine to reduce its carbon footprint and contribute to the preservation of the environment. In addition, the construction of a 16 megawatt solar power plant is planned to guarantee constant electricity production, even during the dry season.
Impact on local communities:
Kibali Goldmines has a significant economic impact on local communities in the Democratic Republic of Congo. Over the past 10 years, the mine has invested US$4.6 billion in the country, in the form of dividends, royalties and taxes. In addition, Kibali favors Congolese suppliers and contractors, thus contributing to the development of the local economy.
Commitment to Conservation:
Barrick Gold Corporation, as managing shareholder of Kibali Goldmines, also shows its commitment to the protection of biodiversity. The company has supported Garamba National Park and recently took the initiative to reintroduce white rhinos to the region. These actions bear witness to the environmental responsibility and social commitment of Kibali Goldmines.
Conclusion:
The exceptional performance of Kibali Goldmines confirms its leading position in the mining industry in Africa. With its new ten-year plan and its commitment to sustainable development, the mine continues to play a key role in the Congolese economy while preserving the environment and supporting local communities