Randgold Resources Limited is engaged in the exploration and development of gold deposits in Sub-Saharan Africa. Mining Operations The company conducts its mining operations through a 50% joint venture interest in Morila Limited (which in turn owns an 80% interest in the Morila mine); an 80% controlling interest in Société des Mines de Loulo SA; an 80% controlling interest in Société des Mines de Gounkoto SA; an 89% controlling interest in Société des Mines de Tongon SA; and a 50% joint venture interest in Kibali (Jersey) Limited (which in turn indirectly owns a 90% interest in the Kibali mine). As of December 31, 2013, the company’s proven and probable reserves included 15 Moz (million troy ounces) attributable to its percentage ownership interests in Loulo, Morila, Tongon, Gounkoto, Massawa and Kibali. Loulo-Gounkoto Mine Complex: The Loulo and Gounkoto mines, known as the Loulo-Gounkoto complex, are located in the west of Mali, bordering Senegal, adjacent to the Falémé River. The complex is effectively owned 80% by the company and 20% by the state of Mali. Morila mine: The Morila mine is situated 280 kilometers south-east of Bamako, the capital of Mali. Morila mine is owned by a Malian company, Société des Mines de Morila SA (Morila), which in turn is owned 80% by Morila Limited and 20% by the Malian government. Tongon: The Tongon mine is located within the Nielle exploration permit in the north of Côte d’lvoire, 55 kilometers south of the border with Mali. Tongon is an open pit mining operation and employs the four standard mining practices of drill, blast, load and haul. Kibali: The Kibali mine is a gold development property which covers an area of 1,836 square kilometers on the Moto Goldfields in the north east of the Democratic Republic of Congo. Exploration The company is in the process of exploring in 4 African countries (Mali, Senegal, Côte d’Ivoire and the Democratic Republic of Congo) with a portfolio of 160 targets on 12,995 square kilometers of ground holding, of these 81 are satellite targets located near existing operations while 79 are potential stand-alone operations. The company targets profitable gold deposits that have the potential to host mineable gold reserves. Strategy The company’s strategy is to create value for all its stakeholders by finding, developing and operating profitable gold mines. The company seeks to discover significant gold deposits, either from its own phased exploration programs or the acquisition of early stage to mature exploration programs. History Randgold Resources Limited was founded in 1995. The company was incorporated under the laws of Jersey, Channel Islands in 1995.
randgold resources ltd (RRS:London)
28 Halkett Street
St. Helier, JE2 4WJ
Phone: 44 1534 735 333
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