Randgold Resources was a gold mining business operating mainly in Mali. Headquartered in Jersey, Channel Islands, it was listed on the London and the NASDAQ stock exchanges until it merged with Barrick Gold in December 2018.
History
The company was established in 1995 and was first listed on the London Stock Exchange in 1997. In 2000 it commissioned the Morila mine and in 2005 commissioned the Loulo mine.[3] In September 2018, Randgold announced a share-to-share merger with Canada's Barrick Gold Corp in a deal worth $18.3 billion.[4] According to this deal, Randgold Resources investors will hold 33% of the combined company.[5] The transaction was completed in December 2018.[6]
Operations
The company's activities are concentrated on the following mines:
Additional projects are Massawa in Senegal but exploration operations are predominantly undertaken in Mali and the Democratic Republic of Congo. Although registered in Saint Helier, Jersey, Mark Bristow, the CEO, operates mainly out of offices in London, England and the administrative functions are based in Johannesburg, South Africa. Bristow has urged caution about investing in South Africa while the present regime there remains in government.[7]
- Morila Gold Mine, Mali
- Loulo-Gounkoto mine complex, Mali
- Tongon Mine, Côte d'Ivoire
- Kibali Gold Mine, Democratic Republic of Congo (DRC)
External links
References
- Annual Results 2017 Randgold Resources, retrieved 11 March 2018^
- Annual Results 2016 Randgold Resources, retrieved 9 April 2017^
- Randgold Resources Limited Announces Investment in Mali Update Marketwire, 2 August 2005, retrieved 21 March 2015^
- Canada's Barrick Gold to buy Randgold Resources in $18.3 billion deal Reuters, retrieved 2018-09-24^
- Scott Patterson. Gold Giant Barrick Agrees to Buy Rival Randgold for $6 Billion Wall Street Journal, 2018-09-24, retrieved 2018-09-24^
- Auto Trader Up To FTSE 100, Sabre To 250 As Randgold Bows Out 24 December 2018, retrieved 31 December 2018^
- Why my company will not invest in SA — Randgold Resources CEO BD Live, 7 February 2013, retrieved 26 March 2016^