Modern Mining September 2025

MINING NEWS

Kibali continues to deliver growth Gold miner, Barrick Mining has announced that drilling results from the ARK-KCD corridor continues to strengthen confidence in its scale and continuity, demonstrating the potential to host significant additional orebodies and further extend the life of mine at Kibali, Africa’s biggest and greenest gold mine. Speaking at a media briefing in Kinshasa, Barrick CEO, Mark Bristow, said the work on the ARK-KCD system is revealing a coherent geological structure — with mineralisation expand ing laterally and down plunge — that could significantly grow Kibali’s reserve base within the existing footprint. “Kibali was built with a long-term view and has consistently delivered across production, partnerships and reserve growth. We’ve replaced every ounce we’ve mined and more since Kibali poured its first gold in 2013, and the ARK-KCD corridor shows that there’s still much more to come,” he said. Kibali continues to contribute meaningfully to the Congolese economy with in-country investment now surpassing $6.3 billion, including $3.1 billion in payments to local contractors and partners. The mine remains the single biggest economic

Barrick seeks to extend the life of mine at Kibali.

contributor to the northeastern DRC, spanning the Haut-Uele and Ituri provinces. “Kibali is more than a mine. It’s a partnership that anchors the regional economy. It’s Congolese-led, Congolese-supplied and built to last. We’re proud of the model we’ve created here — one that delivers shared value every step of the way,” Bristow said. n

Orezone to raise A$75 million as part of ASX listing TSX-listed West African gold producer Orezone Gold Corporation has lodged a prospectus with the Australian Securities and Investments Commission (ASIC) for an initial public offering to raise proceeds of A$75 million, as part of the company’s application for admission to the official list of the ASX. Under the Prospectus, the company is offer ing 65,789,474 CHESS Depository Interests (CDIs) over fully paid common shares in the capital of the company shares at an offer price of A$1.14 per CDI to raise gross proceeds of A$75.0 million. Each CDI represents a beneficial interest in one share. Patrick Downey, CEO stated, “We look forward to the ASX listing which will raise the company’s profile by broadening its shareholder base and increase trading liquidity for all shareholders. The listing also represents an exciting opportunity for investors to participate in the company’s growth strategy as we execute on our staged hard rock expansion at the Bomboré Mine which will signifi cantly increase our annual gold production. First gold from the stage 1 hard rock plant is scheduled for Q4-2025 and production in 2026 from the combined oxide and stage 1 hard rock operations is forecasted to be 170 000 to 185 000 ounces. The stage 2 expansion is forecasted to increase the overall gold production profile at the Bomboré Mine to 220 000 to 250 000 ounces per annum. Subject to funding, ongoing studies and final Board approval, the stage 2 hard rock expansion will com mence in H2-2025, with commissioning expected in Q4-2026.” n

Royal HaskoningDHV South Africa becomes Atana

A group of mostly South African engineering professionals who bought a controlling margin of the South African arm of Netherlands-based engineering consultancy Royal HaskoningDHV have rebranded it as Atana, effective from 1 July 2025. The group – management and employees of the company – now owns 74% of what was Royal HaskoningDHV South Africa, with the Dutch business retaining 26% ownership. The South African operation of Haskoning became an independent company, owned by employees and local management, on 29 February 2024. This means that Atana is an independent, majority African-owned firm whose autonomy is a significant competitive advantage across the African continent, allowing it to be more responsive to local market demands, says Atana CEO Anke Mastenbroek. Atana is a level 1 broad-based black economic empowerment (B-BBEE) company, a status that gives it a competitive advantage in local and national tenders and partnerships. “Our rebrand as Atana highlights our strong focus on the pan-African market while building on 103 years of experience,” says Mastenbroek. n

6  MODERN MINING  www.modernminingmagazine.co.za | SEPTEMBER 2025