Randgold Resources Limited engages in the exploration and development of gold deposits in Sub-Saharan Africa. Mining Operations In Mali, the company has an 80% controlling interest in the Loulo mine through Société des Mines de Loulo SA (Loulo). The Loulo mine is mining from two underground mines. The company also has an 80% controlling interest in the Gounkoto mine through Société des Mines de Gounkoto SA (Gounkoto). The company owns 50% of Morila Limited, which in turn owns 80% of Société des Mines de Morila SA (Morila), the owner of the Morila mine in Mali. In addition, the company owns approximately 89% controlling interest in the Tongon (Société des Mines de Tongon SA) mine located in the neighboring country of CÔte d’Ivoire. It also owns approximately 83.25% controlling interest in the Massawa feasibility project (Massawa) in Senegal. The company owns approximately 45% interest in the Kibali (Kibali Goldmines SA) mine, which is located in the Democratic Republic of Congo. The company also has exploration permits and licenses covering areas in CÔte d’Ivoire, the Democratic Republic of Congo, Mali, and Senegal. As of December 31, 2014, the company declared proven and probable reserves of 15 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 owned 80% by the company and 20% by the state of Mali. Morila: The Morila mine is situated 280 kilometers south-east of Bamako, the capital of Mali. The Morila mine is owned by a Malian company, Morila, which in turn is owned 80% by Morila Limited and 20% by the state of Mali. Morila Limited is jointly owned by the company and AngloGold Ashanti Limited, and the mine is controlled by a 50:50 joint venture management committee. Tongon: The Tongon mine is located within the Nielle exploitation permit in the north of CÔte d’Ivoire, approximately 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 company is managing the development and operation of the Kibali mine. 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 exploring in 4 African countries (Mali, Senegal, CÔte d’Ivoire, and the Democratic Republic of Congo) with a portfolio of 115 targets on 12,213 square kilometers of ground holding, of these 64 are satellite targets located near existing operations while 51 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’s 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 Sécurité (Institut National de Prévoyance Sociale); Sécurité 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
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