Please note: you are viewing an old version of this deal. The current version can be found here: Deal #2010

Deal #2010 Version #56646

Congo, Dem. Rep.
Created at
2013-02-15
Last update
2017-01-09
Last full update
2017-02-27

Land area

Intended size
183 600 ha
Size under contract (leased or purchased area)
  • [2009, current] 183600.0 ha
Comment on land area
The Kibali project comprises 10 permits covering an area of approximately 1 836km2 in the Moto goldfields of the north east Democratic Republic of Congo. Exploration for new deposits continues in the area surrounding the mine.

Intention of investment

Intention of investment
  • [current] Mining
Comment on intention of investment
gold

Nature of the deal

Nature of the deal
Exploitation permit / license / concession (for mineral resources)

Negotiation status

Negotiation status
  • [2009, current] Concluded (Contract signed)
Comment on negotiation status
In September 2009, Randgold and Anglo Gold acquired 70% of Kibali project through acquisition of Moto Gold (where Moto Gold had 70% and Sokimo had 30% stake in the project). In December 2009, Randgold and Anglo Gold acquired a further 20% from Sokimo.

Implementation status

Implementation status
  • [2013, current] In operation (production)
Comment on implementation status
Commercial production began in October 2013 (Previous investor Moto Gold never brought the mine into operation). Phase 1 includes the KCD open pit operation and processing plant, the mine infrastructure (including a 36 unit high speed thermal power station) and the first of four hydropower stations. Phase 2 comprises the underground mine development and the remaining three hydropower stations.

Contract farming

Contract farming
No