Barrick said that the development of a third underground mine at the Loulo-Gounkoto complex is on track to start ore production from stoping in the second quarter of 2023.
Barrick Gold announced that the development of a third underground mine at the Loulo-Gounkoto complex in Mali is on track to start ore production from stoping in the second quarter of this year., while an increase in mineral reserves net of depletion was underway through successful exploration.Talking to local media on Sunday, Barrick’s president and chief executive Mark Bristow said that key geological structures within the Loulo district have indicated the potential for further discoveries.
“We continue to promote and develop our local partnerships, creating and contracting an all-Malian joint venture to mine the new Gara West open pit and engaging a Malian contractor to work with an international mining company on the pushback of the new Yalea pit,” Bristow said. “It’s worth noting that our strong partnership network has been a significant factor in enabling Loulo-Gounkoto to maintain an exemplary performance in the face of the many challenges recently experienced by Mali.
Barrick’s CEO pointed out that one of such challenges implies making their operations environmentally friendlier. One of the actions the company is taking towards such a goal is expanding Loulo-Gounkoto’s solar power plant by 40MW, targeting an annual CO-e saving of more than 62kt. Since its commissioning in August 2020, the plant has cut emissions by 57kt.
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