Kibali produced more than 800,000 ounces of gold in 2021 in DRC, -CEO Mark Bristow

In 2021, a year still dominated by the adverse effects of Covid-19, Kibali Gold Mine produced 812,152 ounces of gold. Production well below annual forecasts.

According to Mark Bristow, Chairman and CEO of Barrick, this range is higher than the 2021 objectives.
He said so during a press conference held this Friday, January 21, 2022.

On this occasion, Mr. Barrick returned to the other highlights that marked Kibali Gold Mines during the 2021 financial year.

First : on the investment side, dividends of $179 million were paid to shareholders in the fourth quarter.
Along with Barrick, AngloGold Ashanti and Sokimo, bringing the total payout for the year to US$200 million.

It should also be noted that US$49.6 million was spent with local contractors and suppliers in the fourth quarter. Bringing the total since Kibali’s inception to US$2.1 billion.

It should be noted that all the expenses incurred by this mining giant in the DRC were made in the form of taxes, permits, infrastructure, salary and payment to local partners.

Second : in the technology sector.

Here, design work for the AZMET cyanide destruction plant began in the fourth quarter and is on track to achieve accreditation from the International Cyanide Management Institute (ICMI).

Also note that the second CTSF elevator is on track using waste rock supported by a local contractor with 72% of construction completed to date.

Kibali has also invested in implementing the utility for remote worksite bottlenecks. This allowed the operation of the loaders from the surface control room, entirely operated by local Congolese labour.

Also, the pipeline from the KCD dam to the processing plant is complete. This will make it possible to recycle and reduce water withdrawal from the Kibali River.

Also related to the technology sector, Kibali has commissioned a pumping system to reduce the use of fresh water.

Third : in health and safety.

No lost time accident (LTI) or significant environmental incident recorded for the fourth quarter.

Regarding the Covid-19 pandemic, 5,847 vaccines have been administered to date, i.e. 43% of the workforce fully vaccinated and an additional 14% have received a dose.

Fourth : environmental sector.

In this regard, “ Garamba Alliance ” was launched with a joint partnership with the United States Agency for International Development (USAID) to support biodiversity and improve the livelihoods of communities.

We also note the maintenance of ISO 45001 health and safety certification and ISO 14001 environmental certification.