https://www.engineeringnews.co.za

Randgold inks three new DRC gold exploration JVs

20th January 2016

By: Henry Lazenby

Creamer Media Deputy Editor: North America

  

Font size: - +

TORONTO (miningweekly.com) – Africa-focused gold producer Randgold Resources has entered into three new joint venture (JV) agreements with juniors in the north-east of the Democratic Republic of Congo (DRC) to look for gold deposits.

The company has partnered with TSX-listed Kilo Goldmines, Deveron Resources and Loncor Resources to bring its land-holdings in the DRC to 6 539 km2. It previously had a JV with Kilo, called Isiro, through which it identified a 10 km target at Yasua-Yambenda through soil sampling, pitting and trenching.

“We believe north-eastern DRC holds a rich potential for such discoveries and we trust the country’s government will partner us in our drive to develop a major gold mining frontier there . . . by ensuring that the current negotiations about a new mining code result in one that will justify the capital already spent and attract further investment,” stated Randgold CEO Mark Bristow.

The company operated the Kibali mine in the same area through a JV with AngloGold Ashanti and State miner Sokimo. It expected to exceed Kibali's production target of 600 000 oz of gold for 2015.

Edited by Samantha Herbst
Creamer Media Deputy Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Willard
Willard

Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...

VISIT SHOWROOM 
The Steel Tube Export Association of South Africa
Steel Tube Export Association of South Africa

The Steel Tube Export Association of South Africa was established to develop sustainable, internationally competitive carbon steel tube and pipe...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.056 1.006s - 140pq - 2rq
Subscribe Now