Randgold Resources
Encyclopedia
Randgold Resources is a Jersey
-based gold mining business operating mainly in Mali
. It is listed on the London Stock Exchange
and the NASDAQ
stock exchange and is a constituent of the FTSE 100 Index
.
in 1997. In 2000 it commissioned the Morila mine and in 2005 went on to commission the Loulo mine.
Randgold also has a mine at Tongon in northern Ivory Coast; operations there have been disrupted by the political crisis in Ivory Coast.
Jersey
Jersey, officially the Bailiwick of Jersey is a British Crown Dependency off the coast of Normandy, France. As well as the island of Jersey itself, the bailiwick includes two groups of small islands that are no longer permanently inhabited, the Minquiers and Écréhous, and the Pierres de Lecq and...
-based gold mining business operating mainly in Mali
Mali
Mali , officially the Republic of Mali , is a landlocked country in Western Africa. Mali borders Algeria on the north, Niger on the east, Burkina Faso and the Côte d'Ivoire on the south, Guinea on the south-west, and Senegal and Mauritania on the west. Its size is just over 1,240,000 km² with...
. It is listed on the London Stock Exchange
London Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
and the NASDAQ
NASDAQ
The NASDAQ Stock Market, also known as the NASDAQ, is an American stock exchange. "NASDAQ" originally stood for "National Association of Securities Dealers Automated Quotations". It is the second-largest stock exchange by market capitalization in the world, after the New York Stock Exchange. As of...
stock exchange and is a constituent of the FTSE 100 Index
FTSE 100 Index
The FTSE 100 Index, also called FTSE 100, FTSE, or, informally, the footsie , is a share index of the 100 most highly capitalised UK companies listed on the London Stock Exchange....
.
History
The company was established in 1995 and was first listed on the London Stock ExchangeLondon Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
in 1997. In 2000 it commissioned the Morila mine and in 2005 went on to commission the Loulo mine.
Operations
The company's activities are concentrated on the following mines:- Morila Gold MineMorila Gold MineThe Morila Gold Mine is an open-pit gold mine situated 180 km south of Bamako, near the community of Sanso, in the Sikasso Region of Mali. The operation is jointly owned by AngloGold Ashanti and Randgold Resources, who each have an effective holding of 40% through jointly-owned Morila Limited,...
, Southern MaliMaliMali , officially the Republic of Mali , is a landlocked country in Western Africa. Mali borders Algeria on the north, Niger on the east, Burkina Faso and the Côte d'Ivoire on the south, Guinea on the south-west, and Senegal and Mauritania on the west. Its size is just over 1,240,000 km² with... - Loulo mine, Western MaliMaliMali , officially the Republic of Mali , is a landlocked country in Western Africa. Mali borders Algeria on the north, Niger on the east, Burkina Faso and the Côte d'Ivoire on the south, Guinea on the south-west, and Senegal and Mauritania on the west. Its size is just over 1,240,000 km² with...
- Gounkoto Mine, Western MaliMaliMali , officially the Republic of Mali , is a landlocked country in Western Africa. Mali borders Algeria on the north, Niger on the east, Burkina Faso and the Côte d'Ivoire on the south, Guinea on the south-west, and Senegal and Mauritania on the west. Its size is just over 1,240,000 km² with...
- Kibali Mine (under construction)
Randgold also has a mine at Tongon in northern Ivory Coast; operations there have been disrupted by the political crisis in Ivory Coast.