Randgold Resources Limited engages in the exploration and development of gold deposits in Sub-Saharan Africa. The company’s activities are focused on West and Central Africa, some of the most promising areas for gold discovery in the world. In Mali, the company has an 80% controlling interest in the Loulo mine through Loulo. The Loulo mine is mining from two underground mines. It also has an 80% controlling interest in the Gounkoto mine through Gounkoto. The company owns 50% of Morila Limited, which in turn owns 80% of Morila, the owner of the Morila mine in Mali. In addition, the company owns an effective 89% controlling interest in the Tongon mine located in the neighboring country of CÔte d’Ivoire. The company also owns an effective 83.25% controlling interest in the Massawa project in Senegal. It also has exploration permits and licenses covering substantial areas in CÔte d’Ivoire, DRC, Mali, and Senegal. At December 31, 2015, the company declared proven and probable reserves of 15Moz attributable to its percentage ownership interests in Loulo, Morila, Tongon, Gounkoto, Massawa and Kibali. Loulo The Yalea and Gara underground mines are in full production and paste backfill plants at both mines have been commissioned and are operational. Gounkoto The Gounkoto mine is located approximately 25km south of Loulo’s plant. During 2015 a total of 1.97Mt of Gounkoto ore at a grade of 4.9g/t was fed to the Loulo plant and 279,563oz were produced. Morila Morila’s total production for 2015 was 122,374oz. Tongon The Tongon mine is located within the Nielle exploitation permit in the north of CÔte d’Ivoire, approximately 55km south of the border with Mali. In 2015, the company produced 242,948oz. Kibali The Kibali mine is located approximately 560km northeast of the city of Kisangani and 180km west of the Ugandan border town of Arua in the northeast of the DRC. The company is managing the development and operation of the Kibali mine. The Kibali mine is being developed in two phases. Phase 1, which includes the KCD open pit operation and processing plant, the mine infrastructure and the first of three hydropower stations was completed in December 2014. Phase 2 comprises the underground mine development and two additional hydropower stations. Exploration The company is exploring in four African countries (Mali, Senegal, CÔte d’Ivoire and the DRC) with a portfolio of 141 targets on 12,307km of ground holding, of these 99 are satellite targets located near existing operations while 42 are potential stand-alone operations. In 2015, the exploration focus was sustained on the priority areas: the MTZ in Senegal, the Senegal-Mali Shear in Mali, the Boundiali and Senefou belts in CÔte d’Ivoire and the KZ Structure in NE DRC. The group’s portfolio of mineral rights was expanded through the acquisition of new permits, as well as additional joint ventures. Strategy The company’s strategy is to create value for all its stakeholders by finding, developing and operating profitable gold mines. Its business strategy of organic growth through exploration has been validated by its discovery and development track record, including the Morila mine, Loulo mine, Gounkoto mine, Tongon mine and the Kibali mine and the Massawa discovery. Health and Safety Regulations The primary laws, regulations and standards governing safety and health in the company’s Malian operations are Law 1992-020 Code du travail (the Labor Code); Ordonnance No. 99-032 le code minier, Ordonnance 200-013 le code minier modifications 2000 (the Mining Code); Decree No. 91-278/PM-RM Approving the Establishment Agreement Covering Research and Mining in the Republic of Mali; Code de la Securite (Institut National de Prevoyance Sociale); Securite Sociale du Mali (Social Security Code); and Convention Collective (National Collective Agreement for the Mining Industry). 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
Fax: 44 1534 735 444www.randgoldresources.com
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