In a press release on July 5, Mark Bristow, President and CEO of Barrick Gold, said the Kibali gold mine in the Democratic Republic of Congo has invested more than $4 billion.
Bristol, said Kibali is Africa's largest gold mine, is the automation, the sustainable development plan, a global leader in clean energy and skills training, through the cooperation with local entrepreneurs and provide guidance and inspiration to the local community, and upgrade the necessary infrastructure, in a remote part of the country to create the prosperity of the region's economy.
As a result of Barrick's policies on local employment and development, 94 per cent of the workforce at the Kibali mine, including its management, are Congolese nationals.
"There is now a push for women in the traditionally male-dominated mining sector through targeted recruitment campaigns and development programmes," he says. These activities and development programs are designed to help women pursue rewarding careers at all levels of the organization."
Kibali is on track to meet its full-year production guidance and once again achieved a casualty free quarter.
Three hydroelectric plants at Kibali have mitigated the impact of rising fuel prices and significantly reduced the mine's carbon footprint.
Gold reserves at Kibali have increased net for three consecutive years and conversion drilling currently underway is expected to continue this trend, although the mine has produced over 5.7 million ounces of gold to date.
