Randgold Resources has started commissioning of the sulphide circuit at the Kibali gold mine in the Democratic Republic of Congo.

Kibali began production from its open pit through its oxide circuit in September 2013 and completion of the sulphide circuit will significantly advance its development as a gold mining complex.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Kibali mine will have a life of 18 years and is expected to produce about 600,000oz of gold a year for the first 12 years.

Randgold is developing and operating Kibali, in which it has a 45% interest.

"We’re aggressively exploring our extensive ground holdings for new discoveries."

AngloGold Ashanti has a 45% stake in the project and Sokimo owns the remaining 10% interest.

See Also:

Speaking at the BMO Global Metals and Mining conference in Miami, Florida, Randgold Resources chief executive Mark Bristow described Kibali as a work in progress.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

"While the plant processes ore from the open pit mine, the underground mine is still being developed and has just accessed the first underground ore," Bristow said.

Bristow noted that the Kibali mine posted a bottom-line profit in its first quarter of operation in the three months to December 2013, and is on-track to meet its production guidance of 550,000oz for this year.

"While much of the gold mining industry has been left in disarray by the downturn in the gold price, Randgold’s long-term growth strategy remains intact," Bristow added.

"In addition to the upside associated with Kibali’s main open pit and underground ore bodies, which is still being evaluated, our exploration team is also hunting for fresh opportunities within its vast lease areas, and a number of exciting, if early stage, prospects have already been identified."

"Elsewhere in the Democratic Republic of Congo and West Africa, we’re aggressively exploring our extensive ground holdings for new discoveries."

Energy