Best Guide to Kibali Gold Mine Congo: Gold Bar Supplier DRC
The Kibali Gold Mine in the Democratic Republic of Congo (DRC) is one of the most advanced and productive gold mining operations in Africa.
Known for its consistent Kibali mine production, this mine offers a range of high-quality gold in Congo products, including bullion bars, coins, natural nuggets, and gold dust, all with a strong focus on purity and value.
As a key player in the Congo gold industry, the Kibali gold mine DRC operates under joint ownership, with Barrick Gold Corporation and AngloGold Ashanti holding major stakes, supported by the state-owned Société Minière de Kilo-Moto.
With robust Kibali gold mine operations and transparent Kibali gold mine ownership, investors can confidently explore a secure and smooth buying process. Contact us today to begin your investment in the exceptional gold products from the Kibali Gold Mine.
Let’s explore the different types of gold produced by Kibali Gold Mine, provide a pricing table for these gold types, and guide you on how to purchase gold from this prestigious mine.
Kibali mine annual gold output
The Kibali Gold Mine, located in the Haut-Uélé province of the Democratic Republic of the Congo, is one of Africa’s largest and most productive gold mining operations. In 2022, Kibali produced approximately 534,000 ounces of gold during the first three quarters of the year .
Despite a decrease in ore grade, the mine was expected to meet its annual production target of between 755,000 and 844,000 ounces.
As of 2024, Kibali’s annual production has stabilized at around 750,000 ounces, positioning it as Africa’s largest gold mine . This level of output is anticipated to continue for at least the next 15 years, supported by ongoing investments in exploration, technology, and infrastructure .
The mine is a joint venture between Barrick Gold Corporation and AngloGold Ashanti, each holding a 45% stake, with the remaining 10% owned by the state-owned Société Minière de Kilo-Moto (SOKIMO) .
Kibali’s robust production and long-term viability underscore its significance in the global gold mining industry..
Types of Gold Produced by Kibali Gold Mine
Kibali Gold Mine is known for producing several types of gold products, each with its unique characteristics and market value. Here’s a breakdown of the primary types:
1. Gold Bullion Bars
These are standard, large bars of gold, often used by investors and traders. They come in various sizes, typically ranging from 1 kilogram to 12.5 kilograms. Bullion bars are characterized by their high purity, often around 99.99%.
2. Gold Coins
Kibali Gold Mine also produces gold coins, which are popular among collectors and investors alike. These coins are usually minted with intricate designs and are made from high-purity gold, often around 99.99%. Coins may vary in weight, with common denominations being 1 ounce and 1/2 ounce.
3. Gold Nuggets
Natural gold nuggets from Kibali are prized for their unique shapes and natural beauty. These nuggets are often found in varying sizes and are less processed than bullion or coins, giving them a distinct appeal.
4. Gold Dust
This form of gold is finely powdered and is generally used in various industrial and artistic applications. Gold dust is less commonly traded but remains an important product for specific markets.
Gold Prices in Kibali Gold Mine
The price of gold can fluctuate based on market conditions, but here is a table showing the approximate gold prices for different products offered by Kibali Gold Mine. Please note that the prices may vary based on market conditions, gold purity, and availability:
| Product | Approximate Price per Ounce (USD) | Approximate Price per Gram (USD) |
|---|---|---|
| Gold Bullion Bars | $3,292.56 – $3,387.14 | $105.84 – $108.63 |
| Raw Gold (Unrefined) | $3,292.56 – $3,387.14 | $105.84 – $108.63 |
| Gold Nuggets | $3,292.56 – $3,387.14 | $105.84 – $108.63 |
| Gold Coins | $3,292.56 – $3,387.14 | $105.84 – $108.63 |
Note:
- Prices are based on the current gold spot price of approximately $3,292.56 per ounce and $105.84 per gram. Actual prices at Kibali Gold Mine may vary due to factors such as purity, market demand, and additional processing costs.
- Gold Bullion Bars: Typically sold in various weights, known for their purity and ease of trade.
- Raw Gold: Often sold as unrefined gold, with prices reflecting the lower processing costs.
- Gold Nuggets: Priced based on size and purity, appealing to collectors and investors alike.
- Gold Coins: Prices vary by coin type and market demand, often used for investment or collection.
Looking to Buy Gold Online from Kibali Gold Mine?
We specialize in facilitating gold purchases from Kibali Gold Mine and can assist you every step of the way:
• Personalized Assistance: Our team will guide you through the selection process, ensuring you find the perfect gold product for your needs.
• Secure Transactions: We handle all the necessary documentation and ensure a transparent and secure buying process.
• Efficient Delivery: From order placement to delivery, we coordinate every detail to ensure you receive your gold safely and promptly.
Don’t miss the opportunity to invest in gold from one of the world’s leading mines. Contact us today to learn more about how we can assist you in purchasing gold from Kibali Gold Mine. Let us make your gold investment experience smooth and straightforward!
How to Buy Gold from Kibali Gold Mine
Purchasing gold directly from Kibali Gold Mine involves several steps to ensure a secure and transparent transaction:
1. Contact Us for Assistance
To initiate a purchase, reach out to us directly. Our team specializes in facilitating transactions involving Kibali Gold Mine’s products. We offer personalized service to guide you through the buying process.
2. Verify Your Requirements
Determine the type of gold you wish to purchase, whether it’s bullion bars, coins, nuggets, or dust. Discuss your needs with our experts to ensure you make the best choice based on your investment goals or collection preferences.
3. Place Your Order
Once your requirements are confirmed, we will help you place an order. We ensure that all necessary documentation and certifications are handled efficiently.
4. Arrange Payment and Delivery
After placing your order, arrange for payment. We will coordinate with Kibali Gold Mine to process your order and arrange for secure delivery of the gold to your preferred location.
5. Receive and Verify
Upon receipt of your gold, verify the product to ensure it meets your expectations. Our team will assist you with any post-purchase inquiries or issues.
Kibali Gold Mine Address & How to get there
Kibali Gold Mine is located in the northeastern region of the Democratic Republic of Congo (DRC), specifically in the Haut-Uele province near the town of Durba. The mine is approximately 150 kilometers (about 93 miles) from the regional capital, Kisangani.
How to Get There:
- Travel to Kisangani:
- By Air: The nearest major airport is Kisangani International Airport, which has domestic flights from Kinshasa and other major cities in the DRC.
- By Road: There are road connections from various towns and cities, though travel conditions may vary.
- From Kisangani to Kibali Gold Mine:
- By Road: The mine is accessible via a combination of paved and unpaved roads. It is advisable to hire a reliable vehicle, preferably a 4×4, due to the road conditions. The journey can take several hours, so plan accordingly.
- Local Transport: Depending on your arrangements, local transport options may be available, including taxis or chartered vehicle
Who is the owner of Kibali gold mine?
The Kibali Gold Mine is operated by a joint venture between three key stakeholders:
1. Barrick Gold Corpùoration (45%) – A major global gold mining company headquartered in Toronto, Canada.
2. AngloGold Ashanti (45%) – A leading global gold mining company based in Johannesburg, South Africa.
3. Société Minière de Kilo-Moto (SOKIMO) (10%) – A state-owned mining company of the Democratic Republic of Congo.
This partnership combines extensive expertise in mining and operational management to ensure the efficient and sustainable extraction of gold.
Kibali Gold Mine Environmental Impact
The Kibali Gold Mine has made significant strides in environmental sustainability. It operates three hydropower stations and is constructing a 16MW solar farm with battery storage to supply 85% of its energy needs.
This renewable energy initiative aims to reduce fuel consumption by 53% and greenhouse gas emissions by 47%. Additionally, Kibali supports biodiversity conservation by funding the reintroduction of white rhinos into Garamba National Park, showcasing a commitment to environmental stewardship.
Kibali Mine Mining Techniques
The Kibali Gold Mine employs a combination of open-pit and underground mining methods. It features a 3.5 million tonnes per annum (Mtpa) underground operation and a 7.5 Mtpa processing plant.
The underground development began in 2012 with twin surface declines and a blind sink shaft. Production commenced in 2014, and the mine has since become one of Africa’s largest and most advanced gold mining operations.
Kibali Gold Mine Economic Impact on Congo
The Kibali Gold Mine has contributed over $5.7 billion to the Congolese economy, with $3 billion spent on local suppliers and service providers.
In 2024, it generated $316 million in revenue for Barrick Gold and $450 million in operating income. Beyond financial contributions, Kibali invests in community development, infrastructure, and local entrepreneurship, fostering economic growth in the Haut-Uélé province and enhancing the livelihoods of local populations.
You may also wish to know;
List of Mining Companies in DRC apart from Kibali Mine
Here’s a list of six notable mining companies operating in the Democratic Republic of Congo (DRC):
Barrick Gold Corporation (operates Kibali Gold Mine)
Glencore International AG (copper and cobalt mining)
Gécamines (state-owned mining company)
MMG Limited (copper and cobalt mining)
Tenke Fungurume Mining SA (copper and cobalt operations)
AngloGold Ashanti (joint venture partner in Kibali Gold Mine)
Frequently asked questions about the Kibali Gold Mine:
1. Where is the Kibali Gold Mine located?
The Kibali Gold Mine is situated in the Haut-Uélé province of northeastern Democratic Republic of the Congo, near the town of Kalimva. It’s approximately 220 km east of Isiro and 150 km west of Arua on the Ugandan border.
2. Who owns and operates the Kibali Gold Mine?
The mine is owned by Kibali Goldmines, a joint venture between Barrick Gold Corporation (45%), AngloGold Ashanti (45%), and Société Miniére de Kilo-Moto (SOKIMO) (10%). Barrick Gold serves as the operator of the mine.
3. What type of mining operations are conducted at Kibali?
Kibali employs both open-pit and underground mining methods. The facility includes a sulphide and oxide plant capable of processing 7.2 million tonnes of ore annually.
4. How much gold does the Kibali mine produce annually?
In 2019, the mine produced approximately 814,000 ounces of gold. Recent reports indicate that Kibali achieved its highest yearly throughput since commissioning, underscoring its operational excellence.
5. What initiatives has Kibali undertaken in terms of renewable energy?
Kibali has invested in renewable energy by constructing three hydropower stations and is building a solar plant to further reduce carbon emissions.
Once the 16-megawatt solar plant and battery energy storage system are operational, the mine’s renewable energy capacity is expected to increase from 79% to 85%, with renewable sources meeting all energy needs for six months of the year.
6. How has the Kibali Gold Mine contributed to the local economy?
To date, Kibali has contributed over $5.7 billion to the Congolese economy, with $3 billion spent on local suppliers and service providers. The mine has also invested in community development projects, with total investments reaching $4.4 million in 2024.
7. What recent developments have occurred at the Kibali Gold Mine?
Kibali has made significant near-mine gold discoveries, extending the mine’s lifespan and ensuring continued output. The mine is also expanding its exploration areas for both gold and copper within the Democratic Republic of the Congo.
