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Africa's Greenest Gold Mine
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Overview
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Barrick Gold Corporation's Kibali mine in the Democratic Republic of Congo has become Africa's greenest gold mine, with over 85% of its electricity from renewable sources. The mine has invested in a 16 megawatt solar plant and additional battery energy storage infrastructure to achieve this goal. Barrick's total in-country investment amounts to $4.7 billion, and the mine's community development fund contributes 0.3% of revenue to community projects. The mine achieved its production guidance for 2023 and set a new annual throughput record.
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How does the adoption of renewable energy in the Kibali mine impact the broader gold mining industry and its sustainability efforts?
In what ways could the success of the Kibali mine inspire other mining companies to prioritize sustainable practices and renewable energy solutions in their operations?
What are the potential economic benefits for the Democratic Republic of Congo and the surrounding communities from Barrick Gold Corporation's investments in renewable energy and community development?
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