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Scrap Metal News January 29, 2025 07:10:01 PM

Barrick’s Kibali Gold Mine Ended 2024 with a Strong Performance

Paul Ploumis
ScrapMonster Author
Kibali mine has contributed over $5.7 billion to the country’s economy till date.
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SEATTLE (Scrap Monster):  According to a statement from Barrick Gold Corporation, the Kibali gold mine in the northeastern Democratic Republic of the Congo (DRC) had a successful year at the end of 2024, helped by an uptick in performance in the last quarter.

Barrick's chief operating officer for Africa and the Middle East, Sebastiaan Bock, said 2024 was a difficult year for the business. Kibali demonstrated itself to be a reliable and effective low-cost producer in spite of a number of obstacles. In 2025 and beyond, the mine is in a good position to expand on the foundation and produce excellent outcomes.

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The management team has been further reinforced by Barrick, who is now concentrating on very promising regions of the Kibali permit that have a great deal of potential for fresh gold discoveries.

Additionally, the business announced noteworthy advancements in the building of a 16MV solar facility in Kibali, which is intended to cut carbon dioxide emissions by nearly half. By June of this year, the new solar plant and battery energy storage system should be finished. It should be mentioned that three hydroelectric plants provide a large portion of the mine's electricity needs.

Kibali mine has contributed over $5.7 billion to the country’s economy till date.

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