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Cash-enriched Randgold taking African mining tech to new high

By: Martin Creamer     7th May 2015 A big technological step for African mining is being taken at the Loulo mine, in Mali, run by Randgold Resources, the London-listed gold-mining company which on Thursday reported boosted cash and improved profit in the three months to March 31, on the back of lower costs. Randgold, which also... 

Tongon mine on track to achieve 2015 targets

By: Natalie Greve     28th April 2015 Randgold Resources’ Tongon gold mine, in Côte d’Ivoire, remains on track to achieve its yearly production and cost guidance, following a year in which its management made significant progress in dealing with the recovery and throughput challenges that had hampered the operation in its early... 

A year on, Randgold is looking for more Kibali ounces

By: Henry Lazenby     20th April 2015 After one year of operations, LSE- and Nasdaq-listed Randgold Resources was turning its focus to finding more reserve ounces at the Kibali mine, in the Democratic Republic of Congo (DRC) to secure its future as a long-life mine and one of Africa’s largest gold producers. Randgold developed and... 

Randgold lifts 2014 reserves despite record gold production

By: Natalie Greve     30th March 2015 Notwithstanding a significant depletion from mining in a year that delivered record production of 1.15-million ounces, gold producer Randgold Resources succeeded in increasing its total attributable ore reserves by 0.8% in the 12 months ended December 31, 2014, to 15.2-million ounces. In... 

Gerhard Hendriksz

By: Mariaan Webb     20th March 2015 Main Activity of the Company: Operations and Maintenance Date and Place of Birth: July 25, 1965, Krugersdorp Education:  National Higher Diploma in Extraction Metallurgy First Job:  Learner official Anglo American Size of First Pay Packet: R914 cost to company Value of Assets under Your Control:... 

Despite ‘complete crisis’ in gold industry, Randgold remains buoyant at low prices 

By: Henry Lazenby     5th March 2015 With a ten-year plan in hand that would ensure Africa-focused gold producer Randgold Resources would remain profitable at a gold price of $1 000/oz, CEO Mark Bristow on Wednesday accused the company's peers for having done a horrible job in recent years. Speaking during a breakfast presentation... 

Kibali wine to support humanitarian work in Africa

     11th February 2015 South African winery Windfall Estates on Wednesday launched its Kibali wine, a blend of Cabernet Sauvignon, Shiraz and Mouvèdre, with a significant portion of all sales of the wine earmarked for the Nos Vies en Partage Foundation, an independent charitable organisation established by dual-listed... 

Mining industry is ‘basically bust’ – Bristow

By: Kim Cloete     10th February 2015 The mining sector is in a sorry state even at current prices and cannot be seen as a viable industry unless it undergoes a major reinvention, says Randgold Resources CEO Mark Bristow. “The harsh reality is that the mining sector has inflicted debt and write-downs on itself without making... 

World Bank study calls for integration of energy, mining 

By: Kim Cloete     9th February 2015 A World Bank report released at the Mining Indaba in Cape Town on Monday has called on mining companies to work more closely with electricity utilities in sub-Saharan Africa to meet their growing energy demands. The report finds that the mining sector’s demand for power in sub-Saharan Africa is... 

Randgold targets 1.2 Moz gold production for 2015

By: Megan van Wyngaardt     9th February 2015 LSE-listed gold miner Randgold Resources expects to produce 1.2-million ounces of gold this year, the company said on Monday. Reporting on its results for the 2014 financial year, the company noted that its output had increased by 26% to 1.1-million ounces, while total cash costs were down 2% to... 

Randgold upbeat on Tongon recovery

By: Natasha Odendaal     3rd February 2015 After spending the past year building a solid foundation for the future growth of the Tongon gold mine, Randgold Resources believes the Côte d'Ivoire-based mine will deliver on its design capabilities in 2015. CEO Mark Bristow said on Tuesday that a recovery programme, implemented in 2014, was... 

Randgold looks to expand operations in West Africa

     2nd February 2015 Dual-listed miner Randgold Resources was considering the development of a third underground mine at its Loulo-Gounkoto gold mining complex, in Mali. CEO Mark Bristow said in a statement on Monday that a feasibility study on an underground mine at Gounkoto had been completed and that the findings... 

Randgold’s Kibali mine making waves in the DRC

By: Henry Lazenby     27th January 2015 Africa-focused gold producer Randgold Resources on Tuesday said the Kibali gold mine, in the Democratic Republic of Congo (DRC), was now well advanced into the second and final phase of development that would take it to full production by 2018. LSE- and Nasdaq-listed Randgold was currently... 

Diversified African mining project pipeline promoted

By: Mia Breytenbach     23rd January 2015 Having strengthened its relationship with key potential joint venture (JV) partners and investors, particularly at the 2014 Investing in African Mining Indaba, at this year’s indaba mineral explorer and developer White Rivers Exploration (WRE) will further promote its diversified mineral project... 

DRC’s Orientale ‘open for business’ – Bamanisa 

By: Natasha Odendaal     8th December 2014 The Democratic Republic of Congo’s (DRC's) largest province has embarked on a roadshow to court public–private partnerships (PPPs) and attract investors to develop the 503 239 km2 region that is being rebuilt. The Province Orientale aimed to draw investors to opportunities in public works,... 

Bristow emphasises equitable treatment of all stakeholders, sustainable profitability

By: Tracy Hancock     3rd December 2014 Gold mining companies should not prefer one stakeholder class above another but ensure that all benefit equitably from their activities, Randgold Resources CEO Mark Bristow said on Wednesday. Speaking at the Mines and Money conference in London, he stressed that in emerging regions, where the... 

Rockwell secures C$4.1m in project funding

By: Natasha Odendaal     19th November 2014 Current and proposed work programmes on JSE- and TSX-listed Rockwell Diamonds’ projects have been given a shot in the arm as the miner banks C$4.1-million raised through the offering of two-year unsecured convertible debentures. Rockwell on Wednesday said it had secured an amount of C$3-million... 

Resilient Randgold planning dividend delivery

By: Martin Creamer     6th November 2014 Resilient Randgold Resources, which has returned to its debt-free status after repaying its revolving credit facility, said on Thursday that its dividend plans remained firmly in place, despite the gold mining industry as a whole finding itself in a tight spot as the price of the precious metal... 

Tongon mine output to near FY guidance despite efficiency losses

By: Natalie Greve     27th October 2014 The remedial measures implemented to overcome the technical problems that have impacted the Tongon mine, in Côte d'lvoire, were starting to produce the desired results, with the mine's performance improving, Randgold Resources CEO Mark Bristow said on Monday. In a media release following a... 

Bristow lauds Mali govt’s action on containing Ebola

By: Natalie Greve     27th October 2014 Randgold Resources CEO Mark Bristow has lauded the “high level of alertness and careful planning” by the Malian authorities that enabled the government to act swiftly to identify, treat and contain the country's first confirmed case of Ebola. Randgold owns and operates the Morila, Loulo and... 

Randgold asks DRC to match local investment, maintain positive legal climate

By: Henry Lazenby     20th October 2014 While Randgold Resources’ Kibali gold mine, in the Democratic Republic of Congo (DRC), continued with its scheduled ramp-up, the company on Monday appealed to the local and national governments to match the nearly $600-million investment in the local economy and maintain an investor-friendly... 

It’s simple, Mr US President, just fund Africa’s capacity – Randgold

By: Martin Creamer     7th August 2014 The builder of five gold mines in Africa, who is currently exploring for a sixth, has a simple message for US President Barack Obama, who this week hosted the US-Africa Leaders Summit with the objective of turning Africa into a viable emerging market. “If you want to lift Africa into an emerging... 

Randgold tightens precautions amid Ebola concerns

By: Natasha Odendaal     6th August 2014 West Africa-focused gold miner Randgold Resources has moved to implement safety measures as some countries in West Africa were fighting an outbreak of Ebola. Randgold operated four gold mines and had exploration programmes in Mali, Côte d’Ivoire and Senegal. 

Loulo-Gounkoto making ‘significant’ contribution to Mali economy

By: Leandi Kolver     1st August 2014 Gold mining company Randgold Resources’ Loulo-Gounkoto gold mining complex, in Mali, contributed about 8% of the country’s gross domestic product, demonstrating the importance of the complex to the local economy, Randgold CE Dr Mark Bristow noted on Friday, adding that the mine continued to make... 

West Africa-focused gold miner prioritises community empowerment

By: Pimani Baloyi     1st August 2014 London- and Nasdaq-listed gold miner Randgold Resources aims to ensure that communities surrounding its mining operations benefit from the proceeds of mining the natural resources, says CEO Mark Bristow. He tells Mining Weekly that the company has built schools, clinics and homes for... 

Tongon mine to show steady performance improvement during H2

By: Leandi Kolver     28th July 2014 A steady improvement in performance is expected at gold miner Randgold Resources’ Tongon mine, in Côte d'Ivoire, during the second half of the year, as the operation continues to make headway in its drive to overcome technical issues, Randgold CEO Mark Bristow has indicated. In a statement at the... 

New metrics enhance transparency of gold miners' cost reporting

By: Henry Lazenby     25th July 2014 The World Gold Council’s (WGC’s) supplementary ‘all-in’ cost metrics have helped gold miners to provide more external transparency regarding their cost reporting, while the metrics have enabled them to internally drive change by equipping employees to make better cost-related decisions. A year... 

New metrics enhance transparency of gold miners’ cost reporting

By: Henry Lazenby     25th July 2014 The World Gold Council’s (WGC’s) supplementary ‘all-in’ cost metrics have helped gold miners to provide more external transparency regarding their cost reporting, while the metrics have enabled them to internally drive change by equipping employees to make better cost-related decisions. A year... 

Two months since opening, Kibali on track to deliver 550 000 oz in 2014

By: Henry Lazenby     21st July 2014 After the ceremonial opening of Kibali gold mine by the Democratic Republic of Congo’s (DRC’s) Mines Minister two months ago, developer and operator Rangold Resources on Monday said despite dealing with some ramp-up issues, the mine was on track to produce 550 000 oz of gold in 2014. The LSE-... 

Resources Watch  

By: Creamer Media Reporter      10th July 2014 The first coal from Elandspruit is expected next year. TFR sees its new Swazi link raising coal export capacity to 120-million tons a year. And, the ‘hot spot’ Ivory Coast may host Randgold’s next new mine. 

On-The-Air (04/07/2014)  

By: Martin Creamer     4th July 2014 The Ivory Coast, with its new investor-friendly mining code, is stealing a march on the rest of Africa as an investment destination; The current low gold price is bankrupting South Africa’s once proud gold-mining industry; Energy from coal gas rather than the traditional solid coal is on the way... 

‘Hot spot’ Ivory Coast may host next new Randgold mine 

By: Martin Creamer     3rd July 2014 Under-explored Ivory Coast, which has just introduced what is seen as the most investor-friendly mining code in Africa, may become the site of the sixth mine that the London- and Nasdaq-listed Randgold Resources will build on the continent. Randgold Resources CEO Dr Mark Bristow described the... 

Two SA gold miners abandon World Gold Council 

By: Henry Lazenby     2nd July 2014 Two South African gold miners have recently relinquished their memberships in the World Gold Council (WGC), citing costs as being the main reason driving their decisions. “We have left the WGC, which is part of our broader focus on costs,” AngloGold Ashanti senior VP for investor relations and... 

Gold industry bust at $1 300/oz, says Randgold’s Bristow

By: Martin Creamer     2nd July 2014 The gold mining industry was fundamentally broke at a gold price of $1 300/oz, Randgold Resources CEO Dr Mark Bristow said on Wednesday. Speaking to journalists at a media lunch, Bristow said the industry was unable to make returns at that low level of gold price range. The consequences would... 

Andy Clay

By: Martin Creamer     27th June 2014 Main Activity of the Company: Minerals Advisory Date and Place of Birth: April 16, 1955, Southampton, Great Britain Education: M.Sc. (Geol), M.Sc. (Min Eng), Dip Bus Management First Job: Second man on a drill rig for a fledgling Northern Rock Size of First Pay Packet: £200 a month 

Randgold in sweet spot as it looks to million-ounce-a-year decade

By: Martin Creamer     29th May 2014 London- and Nasdaq-listed gold mining company Randgold Resources, which produced a record 283 763 oz in the three months to March 31, is in a sweet spot as it reaps the benefit of 19 dogged years of low-cost discovery and development that enables it to cock a snook at low gold prices. Well... 

Kibali helps Randgold to record production

By: Martin Creamer     8th May 2014 Output from the new Kibali gold mine in the Democratic Republic of Congo (DRC) helped lift the gold production of Randgold Resources to a record level in the first three months of this year. The London-listed company produced an unprecedented 283 763 oz in the March quarter, with Kibali... 

Kibali opened, could herald birth of new DRC economic region – Bristow 

By: Leandi Kolver     2nd May 2014 Democratic Republic of Congo (DRC) Minister of Mines Martin Kabwelulu on Friday officially opened the Kibali gold mine, operated and developed by Africa-focused miner Randgold Resources. The mine, which would rank as one of the largest gold mines in Africa once it reached full production, was... 

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