Loulo-Gounkoto still expanding – Randgold
JOHANNESBURG (miningweekly.com) – Gold miner Randgold Resources’ Loulo-Gounkoto gold mining complex, in Mali, is still expanding, with the Gounkoto superpit and the new Baboto satellite pit joining the Yalea and Gara underground mines.
Randgold CE Mark Bristow on Thursday told media in the country that the complex’s all-Malian management team had made a good start to this year, although production was expected to be lower than in the previous quarter on the back of forecast lower grades, which reflected the sequencing of mining lower-grade blocks at both Loulo and Gounkoto.
Although slightly delayed, mining of the Baboto satellite pit was now well on track to support the complex with softer oxide ore feed, he said.
“We expect grades to pick up and production to increase through the rest of the year to deliver our production guidance for 2018,” said Loulo-Gounkoto GM Tahirou Ballo.
He added that production from the underground mines had continued to show a steady improvement since the company took over the mining from contractors in 2016.
In addition, Randgold West African operations GM Chiaka Berthe said the Loulo-Gounkoto complex represented the largest foreign investment to date in the Malian economy, as it is still investing in new mining projects like the Gounkoto pushback and the new Baboto satellite pit.
However, he noted that the country is rich in other gold opportunities, and that Randgold continues to search for extensions to the known orebodies, as well as new discoveries in its Malian landholdings.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
