Congo

Overview

Kibali comprises 10 permits covering an area of about 1 836kmĀ² 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