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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... 

The best yet to come after Randgold stocks endure five-year downturn 

By: Henry Lazenby     11th March 2016 Africa-focused gold miner Randgold Resources’ stocks had beaten the severe market headwinds of the past five years, posting 40% growth on the LSE to £63.25 a share throughout what had been termed one of the worst gold price downturns in living memory. Since the start of the year, the company had... 

Commodities slump might give South Africa 'breathing space' to prepare for next uptick

By: Samantha Herbst     11th March 2016 It has generally been acknowledged among industry insiders that, compared with its global counterparts, Africa’s mining industry has significantly underperformed in recent years, despite market challenges and the continued commodity slump impacting on the global mining industry. Moreover, South... 

Commodities slump might give South Africa ‘breathing space’ to prepare for next uptick

By: Samantha Herbst     11th March 2016   It has been generally acknowledged among industry stakeholders that, compared with its global counterparts, Africa’s mining industry has significantly underperformed, despite market challenges and the continued commodity slump impacting on the global mining industry. 

Unexpected headwinds keep commodity prices lower for longer

By: Henry Lazenby     7th March 2016 A faster-than-expected slowdown in demand for commodities in 2015 has placed a damper on broad-based commodity price recoveries in 2016, compounded by lacklustre global economic growth and record inventories, which will take time to work down as production cutbacks and mine closures take effect.... 

Producer moves ahead in spite of hurdles

     26th February 2016 Despite setbacks with regard to its Obuasi joint venture (JV) and the weak market conditions, gold mining company Randgold Resources reports that its other African projects are proving to be successful. The Tongon gold mine, in Côte d’Ivoire, is focused on sustaining the increased throughput... 

Mining’s stressed state moving govts, investors closer – Bristow

By: Martin Creamer     10th February 2016 The current stressed state of the mining sector was prompting governments and investors to work together to sustain the industry and make it deliver real value for all stakeholders, Randgold Resources CEO Dr Mark Bristow said on Wednesday. Speaking at the 2016 Investing in African Mining Indaba,... 

Miners owe it to host countries to invest in downturns – Randgold

By: Martin Creamer     9th February 2016 Mining companies owed it to their host countries and their shareholders to invest in the troughs so that they could reap the benefits in the peaks, Randgold Resources CEO Dr Mark Bristow said on Tuesday. Speaking during a panel discussion at the 2016 Investing in African Mining Indaba, Bristow... 

Randgold hunting for next big discovery

By: Natasha Odendaal     8th February 2016 LSE- and Nasdaq-listed Randgold Resources is on the hunt for its next “big discovery” as it aims to hike its 2016 exploration budget. The Africa-focused group was making steady progress in its quest, said CEO Mark Bristow, who described exploration as the engine that drove its business and... 

Randgold inks three new DRC gold exploration JVs

By: Henry Lazenby     20th January 2016 Africa-focused gold producer Randgold Resources has entered into three new joint-venture (JV) agreements with juniors in the north-east of the Democratic Republic of Congo (DRC) to look for gold deposits. The company has partnered with TSX-listed Kilo Goldmines, Deveron Resources and Loncor... 

Randgold chooses Côte d'Ivoire for biggest-ever exploration drive

By: Martin Creamer     5th November 2015 Gold mining company Randgold Resources, which once again upped its free cash in the three months to September 30, announced on Thursday that the highly prospective Côte d'Ivoire had been chosen for its biggest-ever exploration drive. The debt-free London- and Nasdaq-listed company, which set a... 

Randgold’s Tongon moves into dividend-paying position

By: Megan van Wyngaardt     26th October 2015 Randgold Resources’ Tongon gold mine, in Côte d'lvoire, has paid off its shareholders’ loans of $448-million, thereby moving it into a dividend-paying position, CEO Mark Bristow says. Speaking at the mine’s quarterly briefing in Abidjan, he described this as a significant achievement,... 

Time for radical change to way mining CEOs are incentivised, boards must stop rubber-stamping skewed M&A

By: Martin Creamer     23rd October 2015 Boards of directors of mining companies should play on th eoperational strengths of their CEOs when it comes to incentives and put an end to the traditional of share bonus schemes. 

Kibali set to top 2015 guidance

By: Henry Lazenby     16th October 2015 The joint venture (JV) Kibali mine, in north-eastern Democratic Republic of Congo (DRC), is on track to beat its 600 000 oz production guidance for this year. The mine, a JV between Randgold Resources, AngloGold Ashanti and DRC State-owned mining company Société des Mines d’Or de Kilo-Moto,... 

Huge gold wealth still in ground is patriotic challenge – Godsell 

By: Martin Creamer     14th October 2015 South Africans should see as a patriotic challenge the mining of the remaining 30 000 t to 40 000 t of gold still in the ground in South Africa, which would be a source of great wealth for the country, former AngloGold Ashanti CEO and current Business Leadership South Africa chairperson Bobby... 

Mark Bristow to speak at new pre-Joburg Indaba dinner

     2nd October 2015 The 2015 Joburg Indaba’s pre-Indaba dinner will host West African gold producer Randgold Resources CEO Mark Bristow as its guest speaker. 

Mining’s big names to gather in Johannesburg

By: Dylan Stewart     2nd October 2015 Africa’s mining elite will discuss tangible ways in which investors and industry owners can interact about challenges and opportunities in the mining industry later this month at the Inanda Club in Johannesburg, Gauteng during the Joburg Indaba, states Joburg Indaba founder and event organisers... 

Randgold envisages turning Obuasi into Africa’s most modern mine

By: Martin Creamer     18th September 2015 A major skills elevation programme to match a planned leap into modern, mechanised mining is envisaged at the idled Obuasi gold mine in Ghana, where global best practice is expected be the order of the day in its revival. Joint venture (JV) aspirants AngloGold Ashanti and Randgold Resources have... 

STRONG STRATEGY

By: Martin Creamer     28th August 2015 Dr Mark Bristow, chief executive officer of Randgold Resources, who is finding it no problem to generate free cash through the current gold price slump. “You build businesses in the troughs and you make money in the peaks”, is Bristow’s long-standing business philosophy, which is producing... 

This year’s Joburg Indaba slated for mid-October

By: Ilan Solomons     14th August 2015 The 2015 Joburg Indaba will paint a picture of how the future mining industry will be defined and what stakeholders are prepared to action, asserts investment conference organiser Resources 4 Africa. The 2015 Joburg Indaba, which will take place at the Inanda Club, in Johannesburg from October 14... 

Resilient Randgold beats gold price blues in record quarter

By: Martin Creamer     6th August 2015 Africa-focused gold mining company Randgold Resources has staved off the low gold price with aplomb in the three months to June 30, taking gold production to record heights, lifting quarter-on-quarter profit, lowering costs and continuing to invest in capital projects without weakening its... 

Randgold commits to continued investment at Loulo, in Mali

By: Natalie Greve     30th July 2015 As it gears up to take over underground mining operations at the Yalea and Gara mines, in Mali, Randgold Resources will continue to invest in the 4.9-million-ounce Loulo complex, which now ranks as one of the largest of its kind in the world. In a statement issued following a tour of the complex,... 

Risk in Africa is manageable – gold miner

By: Dylan Stewart     10th July 2015 Africa is generally considered a high-risk mining environment, but gold explorer and miner Randgold Resources CEO Mark Bristow argues that the problem is rather that companies are not flexible enough to adapt their management techniques to different mining environments.  

Rockwell to focus on production profile as Saxendrift output decreases

By: Megan van Wyngaardt     25th June 2015 As dual-listed Rockwell Diamonds’ Saxendrift mine nears the end of its economic life, the miner will now focus on rebuilding the production profile at its existing Middle Orange River (MOR) operations, redeploying assets to newly acquired operations and expediting work on development projects.... 

On-The-Air (08/05/2015) 

By: Martin Creamer     8th May 2015 The new spinoff from the world’s biggest mining company comes with a 200-job sweetener to the Gold City; The South32 spinoff also opens the way for black business to take over the ownership of major South African aluminium assets; Mali is introducing advanced new mining technology that goes well... 

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... 

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