Randgold Resources Ltd
MiningChannel Islands, United Kingdom1001-5000 Employees
Randgold Resources Limited is an Africa focused gold mining and exploration company with listings on the London Stock Exchange (RRS) and NASDAQ (GOLD). Major discoveries to date include the 7.5Moz Morila deposit, the 7.2Moz Yalea deposit and the 5.9Moz Gounkoto deposit, in Mali, the 4.9Moz Tongon deposit in Côte d’Ivoire and the 3.1Moz Massawa deposit in eastern Senegal. Randgold financed and built the Morila mine which, since October 2000, has produced more than 6Moz of gold and distributed more than $2 billion to shareholders. Morila is now a tailings retreatment operation, scheduled for closure in 2020. Randgold also financed and built the Loulo operation which started as two open pit mines in November 2005. Since then, two underground mines have been developed at the Yalea and Gara deposits. Production from the Gounkoto open pit operation, south of Loulo, began in 2011 and is being expanded through the development of a super pit. The company’s Tongon mine in Côte d’Ivoire, which was also financed and built by Randgold, started production in December 2010. In 2009, Randgold acquired a 45% interest in the Kibali project in the Democratic Republic of Congo (DRC) which it developed and is now operating. First gold was poured in the third quarter of 2013 from open pit operations and commissioning of the full underground operation was completed at the end of 2017. Randgold also has an advanced feasibility-stage project at Massawa in Senegal, scheduled for a development decision in 2018, and an extensive portfolio of organic growth prospects, supported by intensive exploration programmes in Côte d’Ivoire, DRC, Mali and Senegal.
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