Kibali to exceed production guidance

Kibali gold mine, in north-eastern Democratic Republic of Congo (DRC), is set to exceed its expected production of 600 000 oz for 2015.

Production on Kibali, one of Africa's largest gold mines with a reserve base of 11.6 million ounces, began in September 2013 as a joint venture between Randgold Resources, AngloGold Ashanti and the DRC state-owned Société des Mines d’Or de Kilo-Moto.

The mine presently includes an integrated opencast pit, with underground operations currently being developed, as well as a 7.2-million-tpa processing plant.

The underground mine will comprise of twin declines and a single-shaft vertical system. The sinking of the vertical shaft system was recently completed by Randgold Resources ahead of schedule, marking a significant milestone in the mine’s overall development.

Other capital projects in the mine’s development are also progressing well. The second of four hydroelectric power stations, which will provide sustainable, clean power generation, is currently in the commissioning stage.

Kabila gold mine is one of 87 DRC projects listed on the Africa Mining IQ intelligence database of over 1 850 mines in Africa. The development of this project will be tracked and recorded by a team of dedicated Africa Mining IQ researchers, providing detailed mining intelligence and high-level access to the key role players and contracts within the project.

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The DRC: realising its potential

The DRC is blessed with enormous mineral resources. Realising this mineral wealth has the potential to transform the country into one of Africa's wealthiest countries.

The country’s government continues to take steps in improving the state’s mining code to create an environment that is attractive to investment. Kibali gold mine marks an important step in the development of what has the potential to become a world-class mining industry.

The Kibali gold mine project has included a substantial local economic development programme. This has included the introduction of the region’s first free-to-air television station; an entrepreneurship programme led by the University of Cape Town; as well as the provision of loans to smallholding farmers and local entrepreneurs through the creation of a local development facility.

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