Rockwell turnaround still 'work in progress', says CEO

Alluvial gem miner Rockwell Diamonds said on Friday the loss of $13.7-million for the 2012 financial year reflected the impact of the strategic decisions that were taken to place the company on solid footing. This formed part of Rockwell’s...

Company Announcement: Rockwell provides feedback on successful implementation of strategic projects at Saxendrift

Rockwell Diamonds Inc. is pleased to announce the successful completion of two strategic projects, namely the new in-field screen and the bulk x-ray and single particle sorter plant at its Saxendrift mine which is known for its high value gem...

Mining, biodiversity planning, Zim platinum miners coalesce, Congolese to manage Kibali

South Africa is to launch a new national mining and biodiversity guideline; Zimbabwe’s three beleaguered platinum miners have formed an association; already, more than half of the new Kibali gold project's management team are Congolese.

Randgold profit doubles, output climbs

London- and Nasdaq listed Randgold Resources doubled its first-quarter profit and increased its production 19% year-on-year, despite the political upheaval in Mali. Profit increased to $104-million year-on-year, while output climbed to 165 443...

DRC’s Kibali mine to be one of Africa’s biggest when it starts production by end of 2013

Construction work on the Kibali project, in the Democratic Republic of Congo (DRC), which is expected be one of the largest gold mines in Africa, is proceeding rapidly as the developers keep their sights firmly set on first production by the end...

Malian political progress encourages gold miners, Avion surges

Gold producers in Mali on Monday welcomed the weekend moves in the country aimed at restoring democratic rule, following the March 22 military coup in the West African nation. Randgold Resources, Mali’s biggest gold producer, said the political...

Mali military group offers assurances to miners

Randgold Resources and other mining companies in Mali met with representatives of a renegade military group this week, where assurances were given that the situation in the West African country “was under control” and that State was still...

Gold miners monitoring Mali coup, Randgold shares tumble

As news spread of a military coup in Mali, mining companies in Africa’s third-largest gold-producing country said on Thursday that they were keeping a close eye on developments. Shares in Randgold Resources, which owns three mines in Mali,...

South African banks engaged to fund Liberia’s first commercial gold mine

South African banks are being engaged for the raising of $113-million to fund Liberia’s first commercial gold mine. Financing for construction is expected to be completed by October and civil construction is expected to begin in the fourth...

Wastrel base metals mine builders spoiling the industry, says Bristow

Randgold CEO Mark Bristow is not known for pulling his punches while dishing out criticism about his industry, and he was on top form at a Toronto breakfast presentation on Wednesday, held to coincide with the PDAC convention. For example, base...

Randgold sees 600 000 oz/y mine at DRC mine

Randgold Resources said on Monday its Kibali joint venture with AngloGold Ashanti in the Democratic Republic of Congo (DRC) will produce 600 000 oz/y from 2014, but stopped short of providing a new capital cost estimate for the mine. Randgold’s...

Randgold profit soars, higher production forecast

London- and Nasdaq-listed Randgold Resources on Monday posted a profit increase of 259% for the year ended December 2011, as output climbed at its African mines. The company, which attributed the significant growth to increased production,...