All-in sustaining costs
Kibali is co-owned by AngloGold Ashanti (45%), Barrick Gold Corporation(45%) 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 began 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 since 2017 and increased open-pit volumes were processed in 2022.