Kibali and DRC Partner to Promote Local Content
PRESS RELEASE
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All amounts expressed in US dollars
Kibali and DRC Partner to Promote Local Content
Kinshasa, Democratic Republic of Congo, March 1, 2024 – Barrick Gold Corporation (NYSE:GOLD)
(TSX:ABX) – Africa’s largest gold mine, Kibali, and the Autorite de Regulation de la Sous-Traitance dans
le Secteur Prive (ARSP), the body which oversees the DRC’s sub-contracting sector, have agreed to
collaborate on a range of local content initiatives.
The partnership has been designed to increase the mine’s already extensive use of Congolese
contractors and suppliers in line with parent company Barrick’s global policy of supporting local
businesses and employing host country nationals. Since 2009, Kibali has spent more than $2.6 billion
with local suppliers. Of its more than 6, 500 employees, 95% are Congolese, including the general
manager.
“We encourage Kibali to continue this policy to enhance the considerable contribution it already makes
to the local as well as the wider Congolese economy,” said M Miguel Kashal Katemb, CEO of the ARSP.
Barrick president and chief executive Mark Bristow said Kibali ’s local procurement policy was not only
aligned with ARSP’s aims and regulations but went well beyond them.
“Since it went into operation in 2009, Kibali has transformed the previously disadvantaged northeastern
corner of the country into a flourishing commercial hub. We will continue to drive sustainable value
creation through our partnerships here,” he said.
“The mine has been a champion of economic and social development in the region and has actively
mentored the growth of small local enterprises into substantial business, by enhancing their commercial
and technical skills, and providing them with the opportunities to exercise these. Kibali’s third hydropower
station, for instance, was built by an all-Congolese team.”
Enquiries:
DRC country manager
Cyrille Mutombo
+243 812 532 441
Investor and Media Relations
Kathy du Plessis
+44 20 7557 7738
Email: [email protected]
Website: www.barrick.com
BARRICK GOLD CORPORATION PRESS RELEASE
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communities; Barrick’s investment in community programs and projects and its community development fund; and
Barrick’s commitment to the DRC and potential further growth opportunities.
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