Kibali Drives Sustainable Value Creation Through Partnerships
Retrieved on:
Thursday, October 5, 2023
KINSHASA, Democratic Republic of Congo, Oct. 05, 2023 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) – The planned third-quarter ramp-up at Kibali, Africa’s largest gold mine, has positioned it strongly to achieve its production guidance for the year, maintaining Barrick’s track record of delivery in the Democratic Republic of Congo.
Key Points:
- Kibali derives most of its energy needs from its three hydropower stations with plans for a 16MW solar farm with a battery energy storage system to augment the hydropower supply during the dry season well under way.
- Part of the World Gold Council’s new documentary, GOLD: A Journey with Idris Elba , released on YouTube today, was filmed at Kibali.
- Bristow said the mine was driving sustainable value creation through local partnerships, spending over $180 million with Congolese suppliers in the year to date and continuing to invest in community development programs.
- Additionally, the mine’s community development fund, which contributes 0.3% of revenue to projects, now has 44 projects under its wing.