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Kibali, Africa's Largest and Greenest Gold Mine, Continues to Deliver Growth
GlobeNewswire News Room· 2025-07-02 15:30
Core Viewpoint - Barrick Mining Corporation's ongoing drilling results from the ARK-KCD corridor at Kibali mine indicate significant potential for additional ore bodies and an extended mine life, reinforcing confidence in the mine's scale and continuity [1][2]. Company Developments - The ARK-KCD system is revealing a coherent geological structure with expanding mineralization, which could enhance Kibali's reserve base within its current footprint [2]. - Since Kibali began production in 2013, the company has successfully replaced every ounce of gold mined, indicating a strong track record in reserve growth [3]. - Kibali has contributed over $6.3 billion to the Congolese economy, including $3.1 billion in payments to local contractors and partners, making it the largest economic contributor in northeastern DRC [4]. - The mine is committed to local content development, with contracts for satellite pits awarded to local businesses and support provided to over 700 Congolese companies [5]. - Barrick emphasizes that Kibali is a partnership that supports the regional economy, being Congolese-led and built for sustainability [6]. Operational Improvements - Ongoing operational enhancements in the underground mine are expected to yield significant productivity gains starting in the third quarter, focusing on long-term cost efficiency [7]. - The commissioning of a 16MW solar plant with an integrated Battery Energy Storage System has been completed, increasing renewable energy usage to 85% and allowing the site to operate on 100% renewable energy for six months each year [7][8]. Sustainability Initiatives - Biodiversity conservation is a key aspect of Barrick's sustainability strategy, with plans to introduce 64 white rhinos into Garamba National Park as part of a long-term partnership for biodiversity restoration [9]. - The Barrick Academy has facilitated training for 170 Kibali employees, contributing to the professional development of Congolese mining professionals [10]. - Community development projects funded through a 0.3% community development fund have seen 41 out of 44 projects completed, enhancing infrastructure, education, and healthcare support [11]. Future Outlook - Barrick views Kibali as a model for sustainable growth in the DRC, with plans to expand its portfolio to include not only gold but also copper projects [12].
2025 Eco Forum Global Guiyang to Kick off in July Spotlighting Global Green Transformation
Globenewswire· 2025-06-27 08:40
Core Viewpoint - The Eco Forum Global Guiyang 2025 will focus on "Harmonious Coexistence between Humans and Nature" and aims to foster international cooperation on green transformation and sustainable development [1][2][3]. Group 1: Event Overview - The Eco Forum Global Guiyang 2025 is scheduled for July 5 to 6, 2025, in Guiyang, China, with an expected attendance of around 800 participants [1]. - This forum is recognized as the only national and international forum in China dedicated to eco-civilization, having successfully held 12 sessions since its inception [2]. Group 2: Objectives and Themes - The forum aims to facilitate concept exchanges, practice sharing, and pragmatic cooperation through various activities, including thematic forums and green investment promotion [2]. - It will address global challenges such as climate change and biodiversity conservation, aligning with international conferences like COP16 and COP29 [3]. Group 3: International Participation - This year marks the first time since 2018 that international organizations will deeply participate, with 11 out of 20 thematic forums involving international organizations, and 4 being independently hosted by them [4].