Profile: Randgold Resources Ltd (GOLD.O)
16 Mar 2018
Randgold Resources Limited, incorporated on August 4, 1995, is engaged in gold mining, exploration and related activities. The Company's activities are focused on West and Central Africa. The Company operates through the gold mining segment. The Company operates various mines, such as Morila, Loulo, Gounkoto, Tongon and Kibali. The Company is exploring in African countries, such as Mali, Senegal, Cote d'Ivoire and the Democratic Republic of Congo (DRC). The Company also holds an interest in the Massawa project.
The Company holds Morila Limited, which holds interests in the Morila mine in Mali. As of December 31, 2016, Morila mine has produced 122,370 ounces (oz) of gold.
The Company holds a controlling interest in the Loulo mine, located in Mali, through Societe des Mines de Loulo SA (Loulo). The Loulo mine is mining from over two underground mines. As of December 31, 2016, Loulo mine has produced 350,604 oz of gold.
The Company has a controlling interest in the Gounkoto mine through Societe des Mines de Gounkoto SA (Gounkoto). The Gounkoto mine is located 20 kilometers south of Loulo's plant.
The Company holds controlling interest in the Tongon mine, which is located within the Nielle exploitation permit in the north of Cote d'Ivoire, approximately 50 kilometers south of the border with Mali. Tongon has approximately two main pits, such as South Zone (SZ) and the smaller North Zone (NZ).
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.
Randgold Resources Ltd
Unity Chambers, 28 Halkett Stree
SAINT HELIER JE2 4WJ
Company Web Links
- Glencore, Randgold mines quit Congolese industry body ahead of govt talks
- Congo says will campaign to prevent child labor in cobalt mines
- Congo says will campaign to prevent child labour in cobalt mines
- Randgold looks to the Americas in quest to diversify
- UPDATE 1-Randgold doubles dividend after 2017 profits rise 14 pct