Kinshasa, DRC, 16 April 2013 - The giant Kibali gold project in the Democratic Republic of Congo is steadily nearing the stage where it will start to deliver value to its stakeholders and to support the economic growth of the DRC, says developer and co-owner Randgold Resources.
Speaking at a media presentation here today, chief executive Mark Bristow said the Randgold projects team was fully focused on its target of producing Kibali's first bar of gold before the end of this year. At the same time, the operational team who will run the mine is being marshalled. In line with Randgold's philosophy of local employment and empowerment, Kibali's general manager and most of its senior managers will all be Congolese nationals.
When the combined open pit and underground mining operation is running at full capacity, Kibali will be processing 7 million tonnes of ore per year to produce around 600000 ounces of gold, making it one of the largest gold mines in Africa. Open pit mining is already underway to build up the ore stockpile which currently stands at 600000 tonnes. The projects team is also pressing ahead with the underground mine development, and work on the decline and the vertical shaft is progressing rapidly."We are not just building a world-class mine here, we've also expanded and upgraded the regional infrastructure, which is already benefiting the Orientale province where Kibali is located. We're also rehousing the local community in a model village which, when it is completed by the middle of the year, will comprise 4000 new homes with access to water and power, as well as clinics, schools and churches," Bristow said.
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