Randgold Resources: Kibali Mine Ends Year with Improved Performance -- CEO
January 23 2017 - 11:17AM
Dow Jones News
LONDON--Randgold Resources Ltd.'s (RRS.LN) chief executive said
Monday that the Kibali gold mine in the Democratic Republic of
Congo has continued its performance improvement in the second half
of the year after a tough first half, the company's chief executive
said Monday.
Randgold progressed its interests outside the Kibali joint
venture during the second half of 2016, with the completion of a
regional geophysical survey of the Ngayu belt and the start of
follow-up fieldwork at the Moku project adjacent to Kibali, Mark
Bristow said in a local media briefing.
With the regional mapping and stream sediment survey now
complete, a number of targets with strong mineralization in bedrock
have been identified and the focus is now on evaluating and
prioritizing the various targets ahead of any drilling campaign,
Mr. Bristow said.
The Kibali gold mine is owned by Kibali Goldmines SA which is a
joint venture company between Randgold with a 45% stake, AngloGold
Ashanti Ltd (ANG.JO) with 45% interest and Société Miniére de
Kilo-Moto SA with a 10% stake. The mine was developed and is
operated by Randgold.
Randgold shares at 1540 GMT up 100 pence, or 1.4%, at GBP68.10,
valuing the company at GBP6.38 billion.
-Write to Razak Musah Baba at razak.baba@wsj.com; Twitter:
@Raztweet
(END) Dow Jones Newswires
January 23, 2017 11:02 ET (16:02 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
AngloGold Ashanti (NYSE:AU)
Historical Stock Chart
From Aug 2024 to Sep 2024
AngloGold Ashanti (NYSE:AU)
Historical Stock Chart
From Sep 2023 to Sep 2024