Barrick to Explore New Gold and Copper Ventures in the DRC

SEATTLE (Scrap Monster): Barrick Gold Corporation expressed its readiness to invest in new gold and copper opportunities in partnership with the government of the Democratic Republic of Congo (DRC). This follows the huge success at its Kibali mine operations, said Mark Bristow, President and Chief Executive.

In his interaction with media during a visit to the mine site, Bristow noted that Kibali has been transformed from the disadvantaged north-east region of the country into a new economic frontier and a flourishing commercial hub. The mine is set to report another value-creating year on the back of a strong production performance, he added.

Kibali had recently collaborated with the regulatory authority ARSP to design a range of initiatives, aimed at building on its industry leading local content strategy. The scheduled commissioning of the 16 megawatt solar plant along with associated batteries next year will further boost its transition to renewable energy. The installation of the plant is expected to boost use of renewable energy from 81% to 85%. The company has so far invested over $5 billion in the country.

In addition to expanding its operations in Kibali, the company is committed to increase its presence in the African copper belt, including Zambia and the DRC.

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