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Barrick Gold President and CE Dr Mark Bristow, who says Kibali was built on partnerships with its stakeholders. Renewables component of DRC gold mine’s energy mix to hit 85% next year
Published: 03 Jul 24
The reputation of the large Kibali gold mine, run by Barrick Gold in the Democratic Republic of Congo (DRC), is being significantly enhanced by its far-reaching contribution to the development and upkeep of key infrastructure, the building of a vibrant local socio-economy, protection of the environment, restoration of game in national parks, and even the revitalisation of an attention-catching coffee cultivation opportunity. Three hydropower stations have put Kibali in the green energy drive lead, with more than 80% of the mine’s power provided by renewable energy sources, which will be further increased by an upcoming solar power plant. Generated is 40.16 MW of power at an average cost of 0.100 $/kWh.
Milken Institute launches Africa Leaders Business Council
Published: 03 Jul 24
Development think tank the Milken Institute has launched the Africa Leaders Business Council, which brings together experts across business, technology, finance and investment, sustainability and innovation to support the Institute’s plan to deepen its network and engagements in Africa. This new programme represents the institute’s regional engagement strategy focused on paving the way for stronger, more comprehensive partnerships across the African continent.
Convergence fulfils conditions to acquire Datacentrix
Published: 03 Jul 24
Technology-focused private equity investment management company Convergence Partners has met all conditions precedent to acquire 100% of system integration service company Datacentrix from information and communication technology products and services provider Alviva. The Competition Commission and Independent Communications Authority of South Africa have unconditionally approved the transaction, Datacentrix said in a statement on July 3.
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