Client name : Kibali Gold Mine
Start date : 01/12/2018
End date : 01/12/2020
Cost : 105.000,00 $
Description :

The Kibali gold mine is situated 560km north-east of Kisangani in the Orientale province, Democratic Republic of Congo (DRC). Developed in an area of 1,836km² on the Moto goldfields, the site is one of the largest gold mines in Africa.

The open pit and underground integrated mining at Kibali was commissioned in September 2013 and the mine has a life of 18 years.

The project is owned by Kibali Goldmines, a joint venture (JV) of Barrick Gold Corporation (45%), AngloGold Ashanti (45%) and Société Miniére de Kilo-Moto (SOK IMO) (10%). Project operator Barrick gained ownership of the mine through the acquisition of Randgold Resources in January 2019.

Production at the mine commenced in September 2013 and the mine produced 814,027oz of gold in 2019. The development cost of the mine was approximately $1.7bn.

It is expected to produce 600,000oz of gold per annum for the first 12 years.

Geology and mineralisation of Kibali

The Kibali gold mine is located within the Moto greenstone belt. The belt contains Archean Kibalian volcano-sedimentary rocks and ironstone-chert horizons.

The volcano-sedimentary sequence comprises sedimentary rocks, a variety of pyroclastic rocks, basaltic flow rocks, mafic-intermediate intrusions and intermediate-felsic intrusive rocks.

The goldfields at Kibali are characterised by north-east and north-west trending faults. The gold mineralisation is scattered throughout the region.