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Overview

Kibali comprises 10 permits covering an area of about 1 836km² in the Moto goldfields of the north east DRC, some 560km north east of the city of Kisangani and 150km west of the Ugandan border town of Arua. Kibali is a joint venture between Randgold (45%), AngloGold Ashanti (45%) and the Congolese parastatal SOKIMO (10%).

The project is operated by Randgold Resources and represents an investment of more than US$ 2.5 billion by the partners.

Kibali comprises an integrated open pit and underground operation as well as a 7.2Mtpa processing plant. The mine poured its first gold in September 2013 from open pit mining and is currently developing the underground mine via twin declines and a vertical shaft, with the handover of the vertical shaft scheduled for 2017.

The project will ultimately be supplied by four hydropower stations supported by a thermal power station for low rainfall periods and as back-up.  With a reserve base at 11.6Moz and still growing, it ranks as one of the largest gold mines in Africa.

Achieved in 2016

  • Produced 585 946oz at a total cash cost of $736/oz
  • Record mill throughput above nameplate design of 7.3mtpa
  • Recovery improved over the year to 84.1% in Q4
  • Underground decline development kept on schedule
  • Started mining from three additional satellite open pits, Kombokolo, Pakaka and Rhino
  • Ramped up underground ore production as planned
  • Completed construction of second hydropower station, Ambarau
  • Initiated construction of the third hydropower station, Azambi, with all Congolese
    contractors
  • Malaria incidence rate decreased by 26% year on year
  • LTIFR reduced by 21%
  • Maintained ISO 14001 environmental management system certification
  • Progressed ISO 45001 health and safety certification and awaiting finalisation of standard
  • Increased local procurement spending
  • Advanced community development projects

Targeted in 2017

  • Produce 610 000oz of gold
  • Complete vertical shaft development
  • Commission ore handling (haulage, crushing, hoisting) through the shaft
  • Continue to ramp up underground ore production
  • Complete Gorumbwa RAP and commence mining of open pit
  • Commission additional UFG and associated circuit expansion
  • Integrate Ambarau into full power grid and reduce cost of power
  • Advance construction of Azambi hydropower station
  • Obtain ISO 45001 health and safety certification
  • Maintain ISO 14001 environmental certification
  • Continue to focus on best safety and environment practices
  • Initiate macro agribusiness projects
  • Support economic development of surrounding community

Kibali Gold Mine Key 2016 Results