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Randgold targets 1.2 Moz gold production for 2015

By: Megan van Wyngaardt 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 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

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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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... 

Output from Randgold's Tongon mine to hit 260 000 oz in 2014

By: Reuters Gold production from Randgold Resources's Tongon mine, in northern Ivory Coast, will hit 260 000 oz this year, up from 233 591 oz in 2013, the company said. Randgold CEO Mark Bristow said that if gold prices remained between $1 200/oz and $1 300/oz, the $480-million spent on the Tongon mine would... 

Randgold targets 1m oz output for 2014 as resource base expands

By: Natalie Greve Africa-focused miner Randgold Resources aims to exceed one-million ounces of consolidated gold production in 2014 and is closing in on its long-term goal of 1.2-million ounces by 2015, CEO Mark Bristow said in the company's 2013 yearly report on Friday. The gold producer increased production by... 

Randgold's Resource Base Expands, As It Plans For The Next 10 Years

Randgold Resources increased its total attributable mineral resources in 2013 despite depletion from mining in a year that delivered record production. The company’s annual resource and reserve declaration, published today as part of its annual report for 2013, shows attributable resources up by... 

Randgold commissions sulphide circuit at DRC flagship

By: Henry Lazenby Gold miner Randgold Resources has started commissioning of the sulphide circuit at the Kibali gold mine, in the Democratic Republic of Congo (DRC). Kibali started production from its openpit through its oxide circuit last September and completing the sulphide circuit would significantly advance... 

South Sudan is medium-term frontier of choice for Randgold - CEO

By: Reuters Africa-focused bullion producer Randgold Resources says South Sudan is its first choice as a country to explore and mine for gold, with CEO Mark Bristow estimating that the conflict there will be over in four to five years. Since secession from Sudan in 2011, the country had been wracked by a... 

Crunch time for gold mining industry

By: Kim Cloete Industry leaders have said the tumble in the gold price, as well as concerns about the regulatory environment and tax regimes in gold-producing countries in Africa, have cranked up the pressure over the past year. “After ten years of a bull market, the gold price dropped 17% last year, leaving... 

Africa’s mining countries must try harder – Bristow

By: Henry Lazenby Growing uncertainty about the regulatory environments and tax regimes in Africa’s mining jurisdictions was discouraging international investment in these countries’ mining industries, LSE- and Nasdaq-listed Randgold Resources CEO Mark Bristow said in a press release on Tuesday, released after he... 

Randgold reports stellar performance, poised for 'step-up' in 2014

By: Natasha Odendaal Randgold Resources has emerged out of what CEO Mark Bristow termed one of the company’s “best years” and was poised for “another big production step-up” in 2014. Randgold Resources reported record-level gold production of nearly one-million ounces, while reducing the total cash cost to $715/oz... 

Randgold appoints new chairperson, ITH strengthens board

By: Henry Lazenby Africa-focused gold project developer and miner Randgold Resources on Friday announced that chairperson Philippe Lietard would step down at the company’s next annual general meeting after serving in the position for ten-years, and would be succeeded by Christopher Coleman, an independent... 

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