Randgold Mining News

Randgold to revise full-year forecast as readies Tongon mine for restart

As a result of the latest stoppage at the Ivory Coast mine and the time it will take to bring it back on line and at full tilt, Randgold will have to review its 290,000-ounce gold output forecast for the year.

Kibali gold mine aims at record output after underground ramp-up

DRC's Kibali is moving from underground mining by contractors to owner-mining, as has already happened at the company’s Loulo mines in Mali.

Randgold’s Tongon mine in Ivory Coast hit by strike

Labour action has brought gold production to a halt.

Congo's miners face harsh new reality as mining law finalized

After six months of lobbying, companies including Glencore and Randgold Resources have got nowhere in their battle to push back against a new mining law that voids existing agreements and increases their costs.

Development decision nearing on Randgold's Massawa project

Massawa was discovered by Randgold in 2007 and is one of the larger undeveloped gold deposits in West Africa. 

Miners warn Congo it faces $3bn revenue loss over new law

The mining companies insist the government reinsert a stability clause, present in the former code.

Q1 results – Kibali shines as Randgold maintains annual production guidance

Randgold Resources said today its 2018 production guidance remained intact despite a softer first quarter in which it contended with multiple challenges.

Randgold hopeful of compromise with Congo over new mining rules

Seven mining companies submitted a proposal to the Mines Ministry insisting that the government reinsert a stability clause, contained in the 2002 code.

Randgold ends gold venture with Cradle Arc in Mali

Under the agreement begun in February 2016, Randgold held a 65 percent stake in the Kossanto West Gold Project licences, which will revert to Cradle Arc, now the 100 percent owner.

Randgold expects Kibali gold output to rise thanks to automation

Company said new technology will help the DRC mine achieve its 2018 production guidance of 730,000 ounces, despite challenges posed by the country's new mining code.

Strike halts gold output at two Randgold mines in Mali — union

The strike at the company’s Loulo and Gounkoto mines is related to the payment of bonuses and will continue until the issue is resolved.

BlackRock's $1.3 billion gold fund feeling pain of miners

“A contributor to this performance in 2018 has been the underperformance of the royalty companies, which the fund has some exposure to."

Randgold Resources Tongon mine in Ivory Coast hit by strike

Recurrent industrial action by the workforce of a subcontractor it's jeopardizing Tongon's 290,000-ounce production forecast.

South Africa's AngloGold backs Randgold's negotiations with Congo govt

Mining companies operating in the country vigorously oppose new code to be signed into law.

Congo's Kabila meeting with mining companies postponed

Democratic Republic of Congo President Joseph Kabila's plan to discuss proposed changes to mining royalties with mining company representatives on Tuesday has been postponed by a day.

Randgold looks to the Americas in quest to diversify

Flush with cash, Randgold is on the hunt for gold mines outside Africa.

Glencore, Randgold form group to challenge Congo law changes

Glencore and Randgold are clubbing together in a bid to stop sweeping legal reforms, claiming their interests were poorly served by the industry body.

Randgold doubles dividend as CEO charges against DRC mining code

Randgold boosted divvy to $2 a share, after a year of record production and soaring profits, but warned the good times may be over soon as it’s now facing demanding new regulations in Congo, one of its key jurisdictions.

Randgold’s Kibali mine in DRC to achieve full production this year

Mine is on track to produce its target of 700,000 ounces of gold in 2018.

Lower Q3 and Mali tax row take the glow off Randgold

Miner said full-year profit and output was on track despite a third-quarter dip, but its shares slid to a three-month low after its CEO did not rule out seeking arbitration over a tax dispute in Mali.

Randgold schedules Massawa project for feasibility finalization

Company will make final decision on its development by mid next year.

Loulo-Gounkoto sets sights on another big year as Morila legacy project takes shape

The Morila operation continues to deliver value in its post-mining phase while progressing plans to develop the site into a commercial agricultural hub after its closure in 2019, Randgold Resources chief executive Mark Bristow said at an on-site media briefing today.

Randgold's Kibali mine heads for full production

The Kibali gold mine’s underground operation, which will significantly increase production, is on track to start commissioning in the third quarter of this year, Randgold Resources chief executive Mark Bristow said at a media briefing here today.

Randgold resumes Tongon mine operations after deal with workers

Employees who had staged an illegal sit-in at the mine returned to work Wednesday after management and authorities reached a deal with them, the company said.

Randgold Resources hit by illegal sit-in at Tongon mine

Company said talks are underway to stop an illegal sit-in that started last week by some employees demanding annual ex-gratia payments.