Van Rooyen takes up chair's seat at Banro

Democratic Republic of Congo- (DRC-) focused gold miner Banro Corp has appointed Bernard van Rooyen as chairperson, and said director Peter Ruxton would leave to pursue other interests. Simon Village had previously held both the CEO and the...

Funding dearth means more gold consolidation, says Randgold's Bristow

The Kibali gold mine in the Democratic Republic of Congo (DRC) could expand to produce more than 600 000 oz/y Randgold Resources, which jointly owns it with Africa’s biggest producer of the metal AngloGold Ashanti, said on Friday. Speaking in...

Randgold targets higher output, Bristow bullish on gold

Nudging closer to achieving its goal of growing output by 70% this year to 750 000 oz, Randgold Resources CE Mark Bristow told Mining Weekly Online on Wednesday that it is on track to breach the 1.2-million ounce gold production-level in five...

Randgold increases output, profit despite torrential rains

Despite experiencing a “once-in-a-hundred-years” torrential rain, which flooded the Loulo/Gounkoto complex in Mali during August, Randgold Resources maintained its gold production and, on an adjusted basis, significantly increased profit in...

Preproduction targets met for Kibali

The Kibali development team met all key preproduction targets for the Kibali gold project, in 2010, reports LSE- and Nasdaq-listed Randgold Resources.

Randgold CEO predicts gold comfortably at $1500/oz in 2011

Randgold Resources CEO Mark Bristow is sticking with his prediction of $1 500/oz gold next year, and objects to suggestions that the LSE- and Nasdaq-listed company's shares are expensive compared with its peers, he said in Toronto on Friday. In a...

Zoellick's call is yet another boost for gold – Randgold Resources

The call of World Bank president Robert Zoellick for a global standard to guide currency rates is yet another boost for gold, says Randgold Resources CEO Dr Mark Bristow. Zoellick, a former US trade representative who served in several Republican...

Randgold lifts FY profit to $84m, output rises

LSE- and Nasdaq-listed Randgold Resources on Monday reported a 79% increase in net profit to $84,3-million in the year ended December 31, 2009, compared with a net profit of $47-million the year before. Attributable gold output rose 14% to 488...

Africa has firm gold market

With the economic crisis in its supposed final stages, the international gold market is still battling with the challenges that emerged during this period.

Randgold shareholders approve acquisition

Shareholders in Randgold Resources have approved the acquisition of another 20% of Kibali Goldmines, which owns the Kibali (previously Moto) gold project, in the Democratic Republic of Congo. The company, together with partner AngloGold Ashanti,...

Chamber calling for new electricity dispensation, Randgold finding at $10/oz, selling at $1 000/oz, ongoing ferrochrome price rises expected in 2010

South Africa's Chamber of Mines is calling for a new electricity dispensation for this country. Read on page 5 of Chamber of Mines CE Zoli Diliza requesting that fundamental changes be made to end Eskom's dominance as both the player and the...

Randgold finding gold at $10/oz, selling it at $1 000/oz – Bristow

London- and Nasdaq-listed Randgold Resources' strategy of discovery and development has resulted in the company finding its gold at a cost of $10/oz and then being able to sell it off at $1 000/oz, Randgold Resources CEO Dr Mark Bristow told...