Mark Bristow, the CEO of Barrick Gold, lauded the Kibali Gold Mine in the Democratic Republic of Congo (DRC) as a pioneer in responsible mining practices. He emphasized the mine’s leadership in automation and its exemplary role in setting sustainable mining standards in Africa. Bristow highlighted the significant economic contribution of the mine to the remote northeast region of DRC, where it has initiated a robust local economy.

Investment made by Barrick in the DRC, including royalties, taxes, dividends, and payments to local suppliers, has totaled a substantial $4.7 billion. Additionally, Kibali operates a community development fund, allocating 0.3% of its revenue to support various local projects.

The newly established Cahier des Charges program, which is set to receive $8.9 million over five years from the mine, has already launched 11 projects, with seven close to completion. Moreover, Barrick’s commitment to environmental conservation is evident in its plans to increase the white rhino population in the Garamba National Park, promoting biodiversity.

Kibali Gold Mine has successfully achieved its 2023 production target of 360,000 ounces of gold. Looking ahead, Barrick intends to prolong the mine’s operational lifespan through an ambitious exploration and resource conversion program. Presently, Barrick owns 45% of Kibali, with the same stake held by AngloGold Ashanti, and the remaining 10% by Société Minière de KiloMoto (SOKIMO).