Profile: Randgold Resources Ltd (GOLD.O)
3 Aug 2015
Randgold Resources Limited, incorporated on August 4, 1995, is engaged in the exploration and development of gold deposits in Sub-Saharan Africa. The Company in Mali, West Africa, operates mines, such as Morila, Loulo and Gounkoto. It operates Tongon gold mine in Cote d'Ivoire, Africa. The Company also holds 45% interest in the Kibali gold mine in the Democratic Republic of Congo (DRC) in conjunction with AngloGold Ashanti Limited (AngloGold Ashanti) (45%) and Societe Miniere de Kilo-Moto sarl (SOKIMO) (10%).
The Company owns 50% of Morila Limited, which in turn owns 80% of Morila, the owner of the Morila mine in Mali. During the year ended December 31, 2014, Morila mine produced 110,272 ounces (oz) of gold.
The Company has an 80% controlling interest in the Loulo mine, located in Mali, through Societe des Mines de Loulo SA (Loulo). The Loulo mine is mining from two underground mines. During the year ended December 31, 2014, Loulo mine produced 382,263 oz of gold.
The Company has an 80% controlling interest in the Gounkoto mine through Societe des Mines de Gounkoto SA (Gounkoto), which owns the Gounkoto mine. The Gounkoto mine is located approximately 25 kilometers south of Loulo's plant. During the year ended December 31, 2014, Gounkoto mine produced 256,957oz of gold.
The Tongon mine is located within the Nielle exploitation permit in the north of Cote d'Ivoire, approximately 55 kilometers south of the border with Mali. Tongon has two main pits, South Zone (SZ) and the smaller North Zone (NZ). During the year ended December 31, 2014, the Company produced 227,103 oz of gold.
The Kibali mine is located approximately 560 kilometers northeast of the city of Kisangani and 180 kilometers west of the Ugandan border town of Arua in the northeast of the DRC. The Company is managing the development and operation of the Kibali mine. During the year ended December 31, 2014, the Company produced 526,627 oz of gold.
Randgold Resources Ltd
Unity Chambers, 28 Halkett Stree
SAINT HELIER JE2 4WJ
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