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GOLD

Two SA gold miners abandon World Gold Council

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,”...
2nd July 2014
 
GOLD

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

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...
2nd July 2014
 
Mining Personality

Andy Clay

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...
27th June 2014
 
GOLD

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

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...
29th May 2014
 
Cartoon

BUILD/BUY BABBLE BACK

Build or buy talk is back in the mining sector as the disposals and unbundlings of the majors cause the ears of potentially acquisitive companies to prick up. Under intense discussion is the use of exploration budgets to purchase rather than put...
16th May 2014
 
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Kibali gold mine, Orientale province, Democratic Republic of Congo Restricted

The Kibali mine was officially opened on May 2.
9th May 2014
 
GOLD

Kibali helps Randgold to record production

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...
8th May 2014
 
GOLD

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

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...
2nd May 2014
 
GOLD

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

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...
29th April 2014
 
GOLD

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

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...
28th March 2014
 
Company Announcement

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

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...
28th March 2014
 
GOLD

Randgold commissions sulphide circuit at DRC flagship

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...
25th February 2014
 
 
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