The Kibali gold mine is located in the northeast of the Democratic Republic of Congo (DRC), approximately 560 kilometres northeast of the capital of the Orientale province, Kisangani, 150 kilometres west of the Ugandan border town of Arua and 1 800 kilometres from the Kenyan port of Mombasa. Kibali gold mine is owned by Kibali Goldmines SPRL which is a joint venture company between Randgold Resources (45%), AngloGold Ashanti (45%) and Société Miniére de Kilo-Moto (SOKIMO) (10%). The project was developed and is now operated by Randgold.

The Kibali mine is being developed in two phases. Phase 1 includes the KCD open pit operation and processing plant, the mine infrastructure (including a 36 unit high speed thermal power station) and the first of four hydropower stations. Phase 2 comprises the underground mine development and the remaining three hydropower stations.

Once complete, the integrated open pit and underground operation is expected to produce an average of 600 000 ounces of gold per annum over the first twelve years of its life which currently extends to 2031. Open pit mining started in July 2012 and commissioning of the oxide circuit began in Q3 2013. Kibali poured its first gold in September 2013, ahead of plan, and started commercial production in Q4 2013. The mine is targeting 550 000 ounces in 2014.

With a reserve base at 11.6Moz and still growing, it ranks as one of the largest gold mines in Africa.


Mineral resources and reserves