MARK Bristow, President and Chief Executive of Barrick, has revealed the company’s readiness to explore new gold and copper opportunities in partnership with the government of the Democratic Republic of Congo (DRC), buoyed by the success of Kibali, Africa’s largest gold mine.
During a media briefing at Kibali mine, Bristow expressed confidence in the mine’s performance and its contribution to the local economy. He highlighted Kibali’s role in transforming the previously disadvantaged northeast region of the DRC into a thriving economic centre, citing the mine’s substantial investment in local contractors and suppliers.
‘Of our $5bn investment in the DRC, more than half has been spent with local contractors and suppliers, fostering the growth of substantial businesses and enhancing their commercial and technical capabilities,’ Bristow stated. He emphasised Kibali’s commitment to empowering local communities and promoting economic development in the region.
Bristow also underscored Kibali’s dedication to sustainability, announcing plans for a 16MW solar plant and associated batteries scheduled for commissioning in 2025. This initiative aims to increase renewable energy usage from 81 percent to 85 percent, with the mine operating solely on renewable power during the rainy season.
Additionally, Barrick’s collaboration with the ARSP, the public regulator overseeing the country’s subcontracting sector, has led to various initiatives, further enhancing Kibali’s local content strategy.
In alignment with its commitment to biodiversity preservation, Kibali is conducting a feasibility assessment, in consultation with the ICCN, for the introduction of additional white rhinos into the Garamba National Park.
Bristow’s remarks signify Barrick’s ongoing commitment to responsible mining practices, sustainable development, and strategic partnerships in the DRC. As the company expands its footprint in the region, it aims to continue delivering value to stakeholders while prioritising environmental and social considerations.