KIBALI GOLD MINE JV

Kibali, one of the largest gold mines of its kind in Africa, is situated in the DRC, adjacent to the town of Doko and 210km from Arua on the Ugandan border.

OWNERSHIP

45%

AngloGold Ashanti

WORKFORCE

2,333

including contractors

MINERAL RESOURCE

7.6Moz

of gold

GOLD PRODUCTION

364Koz

2019: 366Koz

ALL-IN SUSTAINING COSTS

$809/oz

2019: $704/oz

CONTRIBUTION TO GROUP PRODUCTION

12%

Kibali is co-owned by AngloGold Ashanti (45%), Barrick (45%) following its merger with Randgold Resources Limited, and SOKIMO (10%), a state-owned gold mining company.

The consolidated lease is made up of 10 mining concessions. The metallurgical plant comprises a twin-circuit sulphide and oxide plant with conventional carbon-in-leach (CIL), including gravity recovery as well as a float and ultra-fine grind circuit.

Barrick operates the mine which comprises both open pit and underground operations.

A BRIEF HISTORY

• On 15 October 2009, AngloGold Ashanti acquired a 50% indirect interest in Moto Goldmines Limited through a JV with Randgold, with Moto holding a 70% stake in Kibali and the balance (30%) being held by the DRC parastatal, SOKIMO.
• On 21 December 2009, Randgold and AngloGold Ashanti increased their JV interest in Kibali to 90%, while SOKIMO retained a 10% holding. On 2 January 2019, Randgold merged with Barrick and their portion of the JV is now with the combined company, trading as Barrick.
• The first gold was poured in September 2013 from the open pit operations and development of the underground mine commenced in the same year.
• First underground ore from development was also mined in 2013 and stoping began in 2015.
• Initial production was truck hauled by a twin decline to surface. In 2017, the haulage shaft (740m deep) and materials handling system were commissioned.
• Underground production has continued to ramp up to 1.8Mt in 2017, 3.5Mt in 2018, 3.6Mt in 2019, and 3.8Mt in 2020.