Red Back boosts profit on higher output, prices

Vancouver-based Red Back Mining earned $25,04-million in the fourth quarter of 2009, compared with $7,99-million a year earlier, helped by stronger gold prices and increased production. Red Back, which owns the Tasiast gold mine, in Mauritania,...

Randgold hikes indicated resource at Kibali 23%

LSE- and Nasdaq-listed Randgold Resources has increased the indicated mineral resource at its Kibali project in the Democratic Republic of Congo (DRC) by 23%, the company announced on Monday. In October, Randgold and AngloGold acquired Moto...

Randgold's Bristow promises Kibali 'road map' in Q1

LSE- and Nasdaq-listed Randgold Resources will outline the way forward at its Kibali gold project, in the Democratic Republic of Congo, early next year, CEO Mark Bristow said on Thursday. Speaking in Toronto, Bristow said Randgold will likely...

Randgold boosts Tongon stake to 89%

London- and Nasdaq-listed Randgold Resources will pay $10-million for another 5% interest in the Tongon gold project, in Côte d'Ivoire, raising its stake to 89%, the firm announced on Wednesday. The mine is under development and scheduled to...

Red Back boosts Tasiast resource again

Vancouver-based Red Back Mining has announced another increase in the mineral resources at its Tasiast gold mine, in Mauritania, this time by 20%. The measured and indicated resource at Tasiast has grown by around 890 000 oz, to 5,37-million...

Daily podcast – November 2, 2009

Anglogold Ashanti and Randgold Resources will jointly acquire a further 20% stake in the Moto gold project; and Hudbay Minerals will restart its Chisel North mine and concentrator in Snow Lake.

AngloGold/Randgold increase stake in Moto to 90%

Gold miners Anglogold Ashanti and Randgold Resources on Monday announced that they would jointly acquire a further 20% stake in the Moto gold project in the Democratic Republic of Congo (DRC), from Congolese parastatal L'Office des Mines d'Or de...

AngloGold buys indirect 50% stake in Moto

The merger between Aim- and TSX-listed Moto Goldmines and Africa-focused Randgold Resources, became effective on Friday. Gold companies AngloGold Ashanti and Randgold Resources earlier this year teamed up in a $488-million deal to acquire Moto,...

No merit in starting small, says Randgold's Bristow

Randgold Resources has teams reviewing the feasibility study and other data for the Moto gold project, in the Democratic Republic of Congo, and expects to have an idea of the way forward at the huge project by year-end, CEO Mark Bristow said in an...

Daily Podcast - September 2, 2009

Wage negotiations between Impala Platinum and the National Union of Mineworkers had resumed on Wednesday,BHP Billiton believes long-term reforms to ease congestion at Australia's Newcastle coal port can be achieved.

AngloGold to raise $284m to fund Moto acquisition

South African miner AngloGold Ashanti plans to raise $284-million to fund the proposed acquisition of Moto Goldmines, the company said on Tuesday. AngloGold Ashanti would offer about 7,62-million shares in the form of ordinary shares or American...

Moto accepts Randgold offer, pays Red Back termination fee

Gold-miner Randgold Resources said in an announcement on its website on Wednesday that Moto Goldmines had accepted its offer and that the two companies had entered into a business combination. The London-listed Randgold said that they had entered...