The new Kibali gold mine in the Democratic Republic of Congo (DRC) could be the catalyst for substantial long-term value creation in the country if it is handled correctly by all its stakeholders. Randgold is developing and operating the mine which, with a projected annual production of some 600 000oz of gold, reserves of 11Moz and resources of 21Moz, will rank as one of the largest of its kind in Africa.

The new Kibali gold mine in the Democratic Republic of Congo (DRC) – which has just poured its first gold and started limited production – could be the catalyst for substantial longterm value creation in the country if it is handled correctly by all its stakeholders.

This is the opinion of Randgold Resources chief executive Mark Bristow, whose company has developed and is operating mine. Randgold and AngloGold Ashanti each hold a 45% interest in Kibali, with DRC parastatal Sokimo owning the remaining 10% stake.

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