The primary risk in building a business in Africa lies not in the continent's socio-political environment but in the need to structure a business model and a management team capable of dealing effectively with the dynamics of an emerging market, Randgold Resources chief executive Mark Bristow said at the African Mining Indaba today.'The first step [...]
Powered by increased production at all its operating complexes, Randgold Resources' profit soared by 259% to US$433.4 million for 2011. Profit for the fourth quarter of US$136.2 million was up 323% on the corresponding quarter in 2010 and was also higher than the company's annual profit in any preceding year. The board has proposed a US$0.40annual [...]
Preparatory work has been completed at the Kibali gold project in the Democratic Republic of Congo, where first gold production is scheduled for the end of 2013. Randgold Resources, the project manager and operator, and AngloGold Ashanti each has a 45% stake in Kibali with the DRC parastatal Sokimo owning the balance.
Randgold Resources new gold mine at Tongon in Cote d'Ivoire - nurtured as a project through a civil war and then successfully commissioned in the final quarter of 2010 during the post-election disturbances - represents a triumph of the company's philosophy of partnering with its host countries, chief executive Mark Bristow said here today.
Randgold Resources Limited announces that, in accordance with FSA's Disclosure Rules and Transparency Rules, its issued share capital consists of 91,723,870 (ninety one million seven hundred and twenty three thousand eight hundred and seventy) ordinary shares of US$0.05 each.
Randgold Resources today reported a series of setbacks at its Tongon mine in Cote d'Ivoire which will have a negative impact on its production for the fourth quarter of this year. As anticipated, Q3's difficult operating conditions in the pit, due to the wet weather and mining through transitional ore, persisted into Q4. The situation was [...]
Randgold Resources is pleased to announce the appointment of Andrew J Quinn as an independent non-executive director and a member of the audit committee with effect from 1 November 2011. Mr Quinn, 57, will be retiring from the Wholesale Banking division of CIBC, a leading North American financial institution. Since 1996 he had been a managing [...]
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