Randgold Resources Ltd.'s (GOLD) chief executive Monday said his company is "very busy" looking at takeover opportunities in the gold sector, but the Africa-focused miner would only pursue deals that add value for shareholders.

"This is a unique time where there is value in the market, and there is a desire by shareholders to see some consolidation. So we are pursuing opportunities as we speak - but not at any cost," Mark Bristow told Dow Jones Newswires.

Company Web site: http://www.randgoldresources.com

-By Jeffrey Sparshott, Dow Jones Newswires; +44 (0)207 842 9347; jeffrey.sparshott@dowjones.com