DR Congo Opens One Of Africa’s Largest Gold Mines

DR Congo Opens One Of Africa's Largest Gold Mines
Kibali gold mine

AFRICANGLOBE – Democratic Republic of Congo, one of the world’s biggest gold producers, on Friday formally opened one of the continent’s largest gold mines in the far northeast of the country. Production at the Kibali mine started in the third quarter of 2013 but Mining Minister Martin Kabwelulu on Friday attended an official ceremony in the Province-Orientale region.

Kibali Goldmines, which develops the mine, is a joint venture 45 percent owned by South African mining firm Randgold Resources, with another 45 percent stake held by South Africa’s AngloGold Ashanti and 10 percent by the Congolese state.

The $2.5-billion project reportedly created 7,000 jobs, 80 percent of them held by Congolese.

Kibali Goldmines said the mine should have reserves until 2031, with 550,000 ounces (15.6 tonnes) of gold expected to be produced this year.

The mine is thought to have reserves of 11.6 million ounces (329 tonnes) of gold but could be higher.

Democratic Republic of Congo has massive resources of gold, copper and cobalt but also diamonds, iron, nickel, manganese, bauxite, uranium and cassiterite, the most important source of tin. However most of the country’s people live in extreme poverty.

Control over the mineral-rich areas is one of the factors in the conflicts that have raged in eastern Democratic Republic of Congo for decades.


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  1. Lol it’s like saying, a country has good quality of Education but %90 of populations are illiterate, what good is that Education.until Congo’s resources can take care of its sons and daughters all this news is garbage.funny they only talked about South, like its the only company holding a stake in this, the whole of west is in it and China.

  2. I wonder who really gonna benefit from it. Just saying! It doesn’t matter how much gold mines the country would open and produce, if the people of Congo are still living in extreme poverty. Until the political, social and economical stage is unstable and havoc, Congo will not see the day of glory and peace. There is no country without peace, and institutions that favor the people.