Mining company Kibali Gold Mines recently held a press conference to showcase its achievements in the second quarter of 2023. Mark Bristow, Chairman of Kibali’s Board of Directors, unveiled nine major achievements of the company, testifying to its success and continued growth.
First, Kibali is on track to meet its production targets for the end of the year, which is great news for the company. Additionally, sixteen white rhinos have been successfully reintroduced to Garamba National Park, demonstrating Kibali’s commitment to wildlife and biodiversity conservation.
Kibali has also made significant progress in developing renewable energy sources. The 16 MW solar power plant project is moving in the right direction, with the site location finalized and the Environmental Impact Assessment underway. This project will allow Kibali to increase its renewable energy supply from 79% to 88%, with even the possibility of operating entirely on renewable energy sources during the rainy season.
In an effort to maintain its leadership position and replace depleted reserves, Kibali plans to launch new operations from the 3,000 and 5,000 veins, as well as expand the ramp on the 11,000 vein. These initiatives demonstrate the the company’s commitment to ensuring its sustainability and long-term growth.
On the exploration side, Kibali is continuing its activities with framework drilling on key prospective corridors, thus providing a solid base for future discoveries of mineral deposits.
On the community side, Kibali launched 11 projects in 2023, totaling an investment of $8.9 million over five years. In addition, the company began to implement community development projects through the Community Development Fund financed by 0.3% of its turnover. These initiatives demonstrate Kibali’s commitment to sustainable development and the well-being of local communities.
Finally, Kibali also supports the charity “Nos Vies en Partage”, which works for poverty reduction, education, primary health care and food security for women and children in across the African continent. This contribution demonstrates Kibali’s social commitment beyond its mining activities.
In summary, Kibali Gold Mines’ achievements in the second quarter of 2023 reflect its continued growth, commitment to sustainable development and positive impact on local communities. The company is thus positioned as a major player in the mining industry by demonstrating its economic success while contributing to the well-being of populations and the preservation of the environment