Kibali Gold Mine Expands Production Horizon to Over 15 Years with Growth and Investment
Africa’s largest gold mine, Kibali, is set to extend its annual production of 750,000 ounces beyond its current 10-year plan, reaching over 15 years and beyond. This announcement comes as the mine demonstrates strong reserves replenishment and invests in advanced technology and capacity enhancements.
Mark Bristow, President and CEO of Barrick, highlighted Kibali’s status not only as Africa’s largest gold mine but also its most technologically advanced and sustainable.
With three hydropower stations already operational, Kibali aims to further bolster its renewable energy capabilities, reaching an 85% renewable energy mix with the commissioning of a solar power plant and battery storage system next year.
“Since its inception 14 years ago in one of the DRC’s most underdeveloped regions, Kibali has transformed into a thriving economic center, supporting a community that has grown from 30,000 to over 500,000 residents,” Bristow shared during a media briefing.
The mine has significantly contributed to local economic development through community investments and partnerships with Congolese businesses, with payments totaling nearly $2.7 billion to local contractors and suppliers since 2010.
In addition to economic impact, Kibali has also prioritized environmental stewardship, partnering with African Parks and the DRC Government to reintroduce white rhinos to Garamba National Park.
The mine supports biodiversity and sustainability initiatives, including the revitalization of the Robusta coffee industry in the Haut-Uele region.
Bristow emphasized that Kibali’s success is built on partnerships with the government and local communities, paving the way for future investments in gold and copper opportunities across the DRC. Barrick remains committed to supporting sustainable development and economic growth in its host countries.
Source: CopperbeltKatangaMining
