Randgold expects Kibali gold output to rise thanks to automation

ArticleMining April 26, 2018 - 8:47:32 AM

Africa-focused gold producer Randgold Resources (LON:RSS) said Monday it its Democratic Republic of the Congo mine to achieve full production guidance this year, following the commissioning of its underground operation's automated material handling system.

The company, which has five operating gold mines across west and central Africa, said Kibali is expected to generate 730,000 ounces of gold this year, representing a 22% increase on 2017’s output of 596,225 ounces.

Making of Kibali one of Africa’s most automated gold mines came with a price tag of more than $2.7 billion, the company said, adding that with the project now completed, the operation would move from underground mining by contractors to owner-mining…

Source: mining.com

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