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Randgold hoists dividend 900% in ten years

By: Martin Creamer     28th March 2017 Gold mining company Randgold Resources on Tuesday reaffirmed its intention to increase its final dividend for the year ended December 31, 2016. Since its first dividend in its 2006 financial year, the yearly dividends have increased by 900% over the ten-year period. 

Elephant hunter Randgold walks the talk in Africa

By: Henry Lazenby     7th March 2017 The industry is constantly reducing the quality of its asset base and the only way to reverse the trend is to restart the “exploration engine”, Randgold Resources CEO Mark Bristow said in Toronto this week. “It is misguided to think that cutting back on exploration is a good idea, because it... 

Secret of the Kibali mine – flying people in and gold bars out

By: Bloomberg     6th March 2017 Randgold Resources had to haul heavy equipment more than 1 000 miles to build the roads and hydropower plants needed to construct its Kibali gold mine, the biggest in Democratic Republic of Congo. The sprawling facility in a remote corner of a country the size of Western Europe is a high-tech... 

Convention aims to bridge communication gap

By: Simone Liedtke     17th February 2017 As a continually evolving industry that operates globally, sometimes the biggest difficulty for the mining industry is getting the right people together in one place to discuss their challenges and find ways to address and, ultimately, overcome them, says Prospectors and Developers Association of... 

Specialist aims to step up offering at Kibali

By: Simone Liedtke     10th February 2017 Condition-monitoring specialist WearCheck hopes to discuss with the engineering management team whether there is an opportunity to roll out its reliability services at the developing Kibali gold mine, in the Democratic Republic of Congo (DRC), where it opened its eleventh laboratory last year. 

Randgold proposes 52% dividend-payout increase as FY16 profits rise 38%

By: Ilan Solomons     6th February 2017 Africa-focused Randgold Resources has increased production for the sixth consecutive year in 2016, while reducing total cash cost per ounce, and remains upbeat about its future prospects despite global uncertainties. Speaking to Mining Weekly Online on the sidelines of the Investing in African... 

Randgold’s Tongon to meet FY16 production guidance

By: Natasha Odendaal     3rd February 2017 Randgold Resources on Friday said its Tongon mine, in Côte d’Ivoire, would meet the revised production guidance for 2016 on the back of ongoing significant performance improvements. Tongon is expected to hit the targeted output of 260 000 oz of gold for 2016, with expectations of 285 000 oz of... 

Randgold confident Loulo-Gounkoto exceeded 2016 production guidance

By: Anine Kilian     30th January 2017 Africa-focused gold producer Randgold Resources expects to report record fourth-quarter production at its Loulo-Gounkoto gold mining complex, in Mali. CEO Mark Bristow reiterated in a briefing to Malian media on Sunday that the company was likely to report that it had exceeded its production... 

Randgold’s Kibali ends challenging year with strong finish

By: Henry Lazenby     24th January 2017 Despite dealing with certain critical issues in the Democratic Republic of Congo (DRC), gold producer Randgold Resources has kept capital projects at its 45%-owned Kibali mine on track, the company announced Monday. The mine dealt with a tough first half of 2016 with the Kibali plant’s transition... 

Côte d’Ivoire to benefit from joint Randgold, Newcrest exploration

By: Martin Creamer     18th November 2016 Côte d’Ivoire, which is fast becoming the darling of mining investors, will soon be on the beneficial receiving end of a joint Randgold Resources and Newcrest exploration thrust in the south-east of the West African country. London-listed gold discoverer and developer Randgold announced on Friday... 

Decade of gold mine declines poised to spur deals, prices

By: Bloomberg     16th November 2016 Gold’s dwindling pipeline of new mines is poised to usher in a decade-long output slump, spurring prices and delivering a new impetus for dealmaking and industry consolidation, according to Goldcorp, the third-largest gold producer. Mine supply may fall about a third in the ten years to 2025,... 

Randgold earmarks slice of orebody value for mine communities

By: Martin Creamer     4th November 2016 The sustainability activity of gold-mining company Randgold Resources is built on the premise of devoting part of the value of its orebodies to communities around its mines, in a way that aims to elevate the quality of life and leave an ongoing economic legacy after the orebody has been mined... 

Profit-pumping Randgold sets sights on three new projects

By: Martin Creamer     3rd November 2016 Gold mining company Randgold Resources, which reported 58% higher profits in the three months to the end of September than in the same period last year, has set its sights on developing three new gold projects in the next five years. The company, headed by CEO Dr Mark Bristow, reported profit of... 

Randgold to pay $25m advance towards resolving Mali tax dispute

By: Henry Lazenby     26th October 2016 Africa-focused Randgold Resources has agreed to pay the Mali government $25-million (CFAfr15-billion) on the understanding that the parties will soon sit down to resolve all Randgold group tax issues. The gold miner, which operates three mines in Mali, is disputing the tax assessments for 2011,... 

Randgold to pursue more opportunities in Côte d'Ivoire

By: Megan van Wyngaardt     24th October 2016 Africa-focused gold miner Randgold Resources will continue to explore gold opportunities in Côte d'Ivoire. Speaking at a Randgold-sponsored golf event in the West African country at the weekend, CEO Mark Bristow noted that the country held exciting possibilities for further investment and that... 

Randgold making progress at Kibali despite challenges

By: Anine Kilian     19th October 2016 After a slow start to this year, dual-listed Randgold Resources' Democratic Republic of Congo- (DRC-) based Kibali gold mine is picking up speed, with the substantial performance improvement forecast for the second half of the year already manifesting itself, CEO Dr Mark Bristow said on Tuesday.... 

Randgold continues to engage with Mali govt to resolve tax issues

By: Anine Kilian     10th October 2016 LSE-listed Randgold Resources has expressed its disappointment in the Mali government’s decision to close the group's offices in the country's capital, Bamako, in escalation of the government’s long-running tax dispute with the gold major. The Mali government is alleging that Randgold owes... 

Gold discovery lagging badly with little hope of catch-up

By: Martin Creamer     7th October 2016 Gold is being discovered at a fraction of the rate needed to replenish reserves. 

Create unresistable force with labour to bring about mining change – Godsell 

By: Martin Creamer     5th October 2016 Organised labour is more willing to fix mining than at any time in the past, former AngloGold Ashanti CEO Bobby Godsell contended on Wednesday. Speaking at the Joburg Indaba, Godsell urged a coalition of the willing to create an unresistable force with labour to shame the government into coming... 

On-The-Air (30/09/2016) 

By: Martin Creamer     30th September 2016 Top gold miner Dr Mark Bristow is ‘super excited’ about Africa as the ‘next China’; London-listed Pan African Resources is planning to invest hundreds of millions of rands in a new gold project in Mpumalanga and; The first train powered by a platinum fuel cell locomotive has been unveiled in... 

Africa 'next China’ – Randgold CEO 

28th September 2016 Randgold CEO Mark Bristow has declared Africa the next China should it investments coupled with aggressive growth be correctly managed. Martin Creamer joins Tracy Hancock in studio to discuss. 

Gold discovery badly behind replenishment

By: Martin Creamer     27th September 2016 Gold is being discovered at a fraction of the rate needed to replenish reserves. In the last 16 years, the gold-mining industry has failed to replace more than half the ounces mined. 

Randgold CEO Bristow ‘super excited’ about Africa as ‘next China’ 

By: Martin Creamer     26th September 2016 Africa needs investments coupled with aggressive growth and if correctly managed, will be the world’s "next China", says Randgold Resources CEO Dr Mark Bristow, who has developed half a dozen highly successful gold mines on the continent besides traversing its length and breadth on his motor... 

Campbell resigns as Rockwell CEO; Menell also to step down

By: Creamer Media Reporter      13th September 2016 James Campbell has resigned as CEO of TSX- and JSE-listed Rockwell Diamonds and will hand over the reins to newly appointed executive officer Tjaart Willemse following a structured transfer by the end of November. Campbell will remain a director of the company, while Willemse will assume... 

Political risk, poor infrastructure and lack of geodata stymying African exploration

By: Jade Davenport     19th August 2016 It is an age old adage that, when the mining industry enters a slump, exploration budgets, particularly those designated for greenfield activities, are the first to be curtailed. This has certainly been reiterated over the last few years as the drastic slump in commodity prices and, consequently,... 

Political risk, poor infrastructure and lack of geodata stymying African exploration

By: Jade Davenport     19th August 2016 It is an age old adage that when the mining industry enters a slump exploration budgets, particularly those designated for greenfield activities, are the first to be curtailed. This has certainly been reiterated over the last few years as the drastic slump in commodity prices and, consequently,... 

Randgold well placed to make up output loss by year-end

By: Martin Creamer     4th August 2016 London-listed Randgold Resources is well placed to make good its second quarter production slippage and keep its 2016 output forecast intact. Teams have been reworking their mine plans to ensure that the company ends the year within guidance. While prolonged mill downtime at Tongon, in Côte... 

Mill breakdown, lower output hit profit in tough quarter

By: Martin Creamer     4th August 2016 Prolonged mill downtime at Tongon and the Kibali plant’s continuing transition to a mixed-ore feed negatively impacted the production and costs of London-listed Randgold Resources in the three months to June 30. One of Tongon’s two milling circuits lost 46 days after a breakdown and Kibali’s... 

Randgold reiterates commitment to investing in Mali

28th July 2016 LSE- and Nasdaq-listed Randgold Resources has reiterated its commitment to investing in its assets in Mali. A recently concluded arbitration process cleared up confusion over the interpretation of some points in the country’s 20-year-old mining convention, which included provision for... 

Kibali on track to meet FY guidance despite sequencing headaches

By: Henry Lazenby     19th July 2016 Africa-focused miner Randgold Resources remains on track to meet the 600 000-oz-plus guidance for its Kibali mine, in the Democratic Republic of Congo (DRC), despite experiencing some sequencing difficulties at the mill. According to CEO Mark Bristow, the company had resolved certain expected... 

Near halfway mark, Randgold’s Bristow raises $2.4m in motorbike fundraiser

By: Creamer Media Reporter      20th June 2016 Randgold Resources CEO Mark Bristow’s fundraising motorbike safari across Africa has so far raised about $2.4-million as it passed Kolwezi, in the Lualaba province of the Democratic Republic of Congo (DRC), with a little under half way to go to the end. Through making an estimated $3-million... 

Randgold demonstrates community commitment in DRC

By: David Oliveira     17th June 2016 The successful development of gold producer Randgold Resources’ Kibali gold mine in the north-eastern Orientale province of the Democratic Republic of Congo (DRC) has demonstrated the capacity of mining to boost the economies of African countries and improve the lives of their people, company CEO... 

Randgold’s Loulo-Gounkoto complex delivers robust Q1 results

By: David Oliveira     13th May 2016 London and Nasdaq-listed gold miner Randgold Resources announced earlier this month that its flagship operation, the Loulo-Gounkoto complex, in Mali, delivered a robust performance in the first quarter ending March 2016. This is attributable to the commissioning and resolving of technical issues... 

Crushing circuit commissioned at Côte d’Ivoire gold operation

By: David Oliveira     6th May 2016 Africa-focused gold producer Randgold Resources announced last month that it had commissioned its fourth-stage crushing circuit at its Tongon gold mine, in Côte d’Ivoire, completing an extensive capital project designed to improve throughput and recovery.  The new circuit is being optimised.... 

Randgold’s Q1 earnings trend upwards as production falls

By: Natasha Odendaal     4th May 2016 London-listed Randgold Resources' flagship Loulo-Gounkoto complex, in Mali,  was the star performer in the first quarter of the year, partially offsetting the impact of the challenges hindering the group’s other operations. 

Power snags putting Tongon production target at risk – Randgold

By: Martin Creamer     25th April 2016 The instability of electricity supply from the national grid in Côte d’Ivoire is negatively impacting the cost structure of Randgold’s Tongon gold mine and placing its production target at risk. Tongon, owned 89% by Randgold, 10% by the State of Côte d’lvoire and 1% by a local company, is... 

Randgold strikes new JV with Israeli billionaire mining firm, State miner

By: Henry Lazenby     19th April 2016 Africa-focused miner Randgold Resources on Tuesday advised that it had recently entered into a new joint venture (JV) agreement – its third in the Democratic Republic of Congo (DRC) – with a State-owned mining company and Moku Goldmines for the Moku-Beverendi gold exploration project, located... 

Randgold Resources sees new yearly production record

By: Anine Kilian     31st March 2016 Africa-focused gold producer Randgold Resources set a new yearly production record of more than 1.2-million ounces in the year ended December 31, 2015 – up 6% on the previous year – while reducing group total cash cost per ounce by 3% to $679. The London-listed company on Thursday reported in its... 

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