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The EPCM contract will be finalised and signed in December and major work is anticipated to start in the first quarter of 2024 with first gold from Kiaka targeted in 2024 Additionally West
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This ultimately presents lucrative opportunities for investors who want to invest in Africa and gold stocks As such major players in the gold mining industry like Newmont Goldcorp Kinross Gold Anglogold Ashanti Barrick Gold and Gold Fields are active in the region with several operations
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Out of the 15 ECOWAS countries Cape Verde Benin and Togo are the only countries without notable gold reserves However Benin and Togo are notable for the gold trade All other ECOWAS countries have either significant documented gold reserves internationally listed gold mining companies or significant footprint of artisanal gold mining
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Kibali is the biggest gold mine in Africa located in the northeast of the Democratic Republic of Congo DRC approximately 220 kilometres east of the capital of the Haut Uele province Isiro 150 kilometres west of the Ugandan border town of Arua and 1 800 kilometres from the Kenyan port of Mombasa
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Past winners of the Gold Fields PGA Tournament comprise of Vincent Torgah who won it in 2024 2024 and 2024 Emos Korblah won in 2024 while Lucky Ayisah won in 2024
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