Operated by Kibali achieves record year and remains committed to partnership philosophy…
Safety, health and environment… Safety No lost time injuries recorded In Q4 2018 LTIFR/million hours Lost time injury frequency rate in 2018 of 0.15 vs 0.63 in 2017 worked ISO 45001: successfully Certified after stage 2 assessment 7 Environment 6 840 indigenous trees planted on site in Q4 and 10 130 during the year, beating the 5 target of 10 000 for 2018 New equipment commissioned for better accuracy in cyanide WAD monitoring 4 Azambi site rehabilitation work in progress 3 Biodiversity Eco-centre area expanded to promote larger habitat and walkways established 2 for recreational purposes Continued support of Garamba National Park: drilled domestic water 1 boreholes, provided logistics for helicopters’ patrols 0 ISO14001 compliance 2011 2012 2013 2014 2015 2016 2017 2018 Surveillance audit conducted; some deviations raised and corrective actions were implemented
Safety, health and environment… HIV positivity rate % HIV 20 Prevalence rate of 2.8% in Q4 2018 vs 3.5% in Q4 2017 15 Volunteer counselling tests campaigned Various activities conducted: mass sensitisation, condom 10 distribution at hotels and bars, distribution of flyers 5 Malaria 0 Malaria incidence rate of 2.46 % In Q4 2018 vs 3.24 % in Q4 2017 2011 2012 2013 2014 2015 2016 2017 2018 Ebola virus outbreak on 1 August 2018 in North Kivu, mainly in the Malaria Incidence Rate % Beni area 120 100 Awareness activities regularly carried out and preventive measures reinforced at Kibali site 80 60 Bi-weekly joint EVD committee meetings held with TA from 3 40 neighboring territories 20 Support to local services of the Ministry of Health 0 2011 2012 2013 2014 2015 2016 2017 2018
Q4 2018… another strong quarter beating 2018 guidance No lost time injuries recorded Record gold production for Kibali mine of 807 251 ounces Achieved above nameplate throughput and nameplate recovery and UG production Gorumbwa resettlement completed Palm oil project still on hold in current investment climate TVA payback in accordance with signed agreement continued Agreed tax-offsets implemented Engagement with DRC government on the mining code continues
Plant performance… plant recovery Q1 2017 to Q4 2018 Recovery (%) 92 89.9 89.3 90 89.2 88 85.8 86 84.7 84.3 83.5 84 82 81.1 80 78 76 Q1-2017 Q2-2017 Q3-2017 Q4-2017 Q1-2018 Q2-2018 Q3-2018 Q4-2018
Plant performance…throughput Tonnes treated from 2014 to 2018 Tonnes treated per year (million) 9 8 7 6 5 4 3 2 1 0 2014 2015 2016 2017 2018
Kibali underground mining… underground ore production doubles year on year Underground ore tonnes Tonnes 000 Continues successful transition to owner 4000 mining initiated in Q3 2018 with world 3500 class underground mining standards 3000 Production transition from trucking to an 2500 efficient shaft hoisting operation continued in Q4 2018 2000 With the shaft fully commissioned and 1500 ramped up in 2018, UG ore production 1000 more than doubled year on year 500 0 2017 2018
Kibali … cumulative capital versus production koz $ billion 900 3.0 800 2.5 700 600 2.0 500 1.5 400 300 1.0 200 0.5 100 - 0.0 2012 2013 2014 2015 2016 2017 2018 Oz actual Cumulative capital expenditure
Underground development of KCD deposit… LoM design with 3000, 5000 and 9000 lode opportunities Gorumbwa KCD PB#3 : – Open pit : – KCD 330koz @ 2.8g/t Sessenge 372koz @ 2.81 Open pit PB#2 North Open pit : – 298koz @ 2.45g/t 3000 Lode up plunge extension Holes completed UG – 2.1Mt @ 4.97g/t Au Holes planned 335koz 9000 Lode Gap Ave DH intersection 3 3000 Lode Down plunge 7.79m @ 3.68g/t Target – 3.7Mt@2.61g/t, 1.5Mt @ 4.32g/t Au 210koz 345koz ~590koz@3.0g/t Haul. Level 5210mRL KCD ore mining LOM to Q4 17 5000 Lode down plunge 1 Mine 5000 HW Phase I Mt Au g/t Moz Ave drill intersection 2 5000 Lode Down Dip Ave drill intersection KCD Open pit 15.7 3.1 1.6 24.99m @ 5.13g/t 11.36m @ 4.65g/t KCD UG 5.04 5.06 0.8 300koz@5.08g/t Potential: 1.6Mt @ 5.53g/t Au 300koz Total KCD 3.6 20.8 2.4
Kibali - Oere … moving to advanced target! ORRC0001 Drill program plan view Fence 8 8m @ 3g/t First phase reverse circulation drilling (18 holes) over 4m @ 4.4 g/t Weighted average N eight fences at irregular spacing confirmed geological 12m @ 4.16g/t ORRC0002A continuity with Kalimva located 1.6km north over 100m 6m @ 0.50g/t 12m @ 2.65g/t Mineralisation, steeply dipping sigmoidal shaped (shear Incl. 4m @ 5.05g/t Fence 7 Weighted average control) is associated with silica-chlorite altered zones ORRC0003 10m @ 1.46g/t 16m @ 1.61g/t with pyrite over 150m Incl 10m @ 2g/t Combined results indicate 8.10m @ 2.31g/t weighted ORRC0004A Fence 6 8m @ 0.93 g/t average, 100m down dip over 2km strike length Weighted average 10m @ 1.24 g/t 8.7m @ 1.68g/t ORRC0005 Results for last fence to the north and south show over 110m 6m @ 0.94g/t mineralisation remains open toward Kalimva (1.6km Old RC_Holes ORRC0006A gap) and toward Mofu (1.5km) Fence 5 4m @ 0.75g/t Completed Weighted average 14m @ 1.76g/t RC_Holes Intercepts include: 4 10m @ 2.06g/t over 120m Impossible to drill ORRC0007 14m @ 0.77g/t Fence 4 ORRC0001: 8m @ 3g/t incl 4m @ 4.4g/t, Weighted average ORRC0008 ORRC0003:16m @ 1.61g/t Inc.10m @ 2g/t, 4m @ 16.75g/t 10m @ 2.32g/t over 124m 6m @ 1.05 g/t ORRC0014: 16m @ 2.86g/t incl 4m @ 5.78g/t. Fence 3 ORRC0011 Weighted average A second phase will be conducted to fill the gaps 6m @ 0.78 g/t 6m @ 3.74 g/t 4m @ 0.67g/t over 76m between fences in order to better circumscribe high Incl. 4m @ 5.22 g/t grade shoots identified and test the continuity of the Fence 1 ORRC0013 mineralisation in the Kalimva-Oere gap 400m Weighted average 6m @ 2.65g/t Incl.2m @ 4.31 g/t 2m @ 0.66g/t over 80m 8m @ 1.00 g/t ORRC0017 Incl. 2m @ 1.56 g/t 4m @ 0.67g/t
KZ structure… pipeline of projects reinforces prospectivity and opportunities Kalimva – Ikamva Matiko N Upsites identified outside of the known Kalimva-Ikamva deposit Kalimva Ikamva include: KZ trend Ikamva NW and East (HW and FW BIF mineralisation) Oere Ndala Village Kalimva-Ikamva hinge zone Ndala North Azambi Oere-Kalimva gap (1.6km) Mengu Hill Pakaka Oere: Mineralisation along the 2km NNE shear zone Agbarabo Rhino Hotel KCD area KCD Dembu 3000 lode up plunge potential 12000 lode down plunge Ngyoba KCD-Kombokolo gap Gorumbwa down plunge for UG Zambula Zambula – Zakitoko Birindi Watsa 15km of mineralized boudinnage cherts supported by Dome trench and RC (2 holes Zakitoko) results Mineralisation along the NNE to NS shear zone 5km Zakotoko East, potential in mafic-granitoid rock contact
Kibali employees in Q4 2018… Expat Expat Contractors Employees 134 (3%) 252 (5%) National Casuals National 118 (3%) Employees 1405 (29%) Nationals : 92% National Expatriates: 8% Contractors 2957 (61%)
Local contractors and supply strategy… mo more re th than an CSR CSR $39.1 million spent on local contractors during Q4 2018 Cargotrans initiated the replacement of its fleet, current total number of trucks: 45 Ongoing civil construction and roadworks performed by Congolese contractors (Traminco, Teichmann and IOB) Partnership with Congolese engineering contractor (TES) for plant maintenance Food and camp services Kibali catering and camp services supplied by Congolese company, Golden Camp Solutions (GCS) Kibali caterer purchases 100% of available quality food supplied locally Nuns’ Guest House Tabitha with restaurant and accommodation services Local suppliers continued various CSR activities such as road improvements in Durba, investment in education and the support of vulnerable people TCFF opened a study centre in Doko and donated quantities books to schools in Durba and Aru Top Engineering Service donated beds, mattresses and solar panel equipment to 4 different health centres in Durba and Watsa
In country investment… 2010 through to Q4 2018 $2.54Bn paid by Kibali in the form of taxes, permits, Nzoro Power line Road ARU - Ariwara Road infrastructure, salaries and payments to local suppliers Northern By-pass road US$ million Visible contributions directly Southern By-pass road in the area of the project: Direct Community Project $171.7m Doko - ARU road Kokiza (Houses only) Non visible contributions: SALARIES Aggregates $2.37 Bn $222m Prevention (HIV & Malaria) TAXES and PERMITS $412m PAYMENTS TO $1.73Bn SUPPLIERS
Committed to our partnership philosophy… local and international spend Construction General services Specialist contracts* Total contract Shaft sinking contract* and supply chain spend* Underground mining contract* Master drilling $ million $ million $ million $ million 2500 800 3500 250 700 3000 200 2000 600 2500 500 150 1500 2000 400 1500 100 300 1000 1000 200 50 500 500 100 0 0 0 0 Local International Local International Local International Local International * Cumulative spend
Recommend
More recommend
