DRC: Kibali Gold Mine, ten years in numbers!

Kibali Gold Mine has just completed its first decade of operational activities in the DRC. In ten years, several achievements and highlights have marked the history of this mining giant who has not hesitated to settle in Doko in the province of Haut-Uele, a corner not only landlocked but also where insecurity broke the record at that time.

The CEO, Mark Bristow has reviewed the history and history of this company during the press conference held on Tuesday, July 16, 2019 at the Memling Hotel in Kinshasa. Some key figures of achievements of this mining giant since 2003 were mentioned.

These are respectively:

– $ 2.7 billion investment since the installation of the Kibali project;

– 207,521 ounces of gold produced up to the second quarter of 2019 by this mining company;

– 5,004 national and international employees distributed as follows: 4,644 (98%) of the national staff of which 2,913 (58%) national contractors, 1,487 (30%) national staff, 244 (5%) daily Congolese;

– For expatriates, this mining company has 360 (8%) divided into 233 (5%) expatriate staff and 127 (3%) expatriate subcontractors;

– US $ 1.2 million was spent under Corporate Social Responsibility (CSR). This funded social and community projects;

– US $ 38.9 million was paid to local contractors in the second quarter of 2019, CDA $ 77.9 million;

– 2.7 billion USD paid by Kibali in the form of taxes, permits, infrastructure, salaries and payments to local suppliers. Here, it should be noted that $ 174.1million in terms of direct visible in the project area and non-visible contributions are valued at $ 2,536 billion in salaries ($ 265 million); 471 million in taxes and permits and finally, 1.8 billion as payment to providers.

– US $ 197 million outstanding as of June 30, 2019 in terms of the VAT refund agreement, which is considered slow by this company.

Nadine Fula