(Miningweekly) – Despite facing its own drawn-out battles in establishing a property mining operation in Côte d’Ivoire, Randgold Resources business executive Mark Bristow believes the West African country has the potential to become one among sub-Saharan Africa’s key exploration destinations.
The West African country was comparatively unknown however extremely prospective for gold and different metals, that may doubtless give gold investors with a platform to determine a property mining business, Bristow same during a speech delivered at a media making known at the weekend.
However, he urged the govt. to make sure that its mining code that was presently beneath review, remained investor-friendly, whereas government ought to act as a partner to the mining corporations, to form semi-permanent quantity to learn all stakeholders.
Randgold commissioned and began production at Côte d’Ivoire’s largest gold mine Tongon, in 2010, and already created quite 600,000 ounce of gold and contributed quite $50-million to the State within the style of royalties and taxes, despite a tough begin to the project.
The mine was commissioned amid the unrest that followed a controversial outcome of the presidential election and had, additionally to suffering erratic power offer from the national grid, experienced some plant start-up problems, that were being treated through variety of plant enlargement and upgrade comes.
The mine’s performance was steady up, Bristow commented.
He added that Randgold remained committed to operating with the country’s government to make a property mining business and would use its Tongon operation as a platform from that to search out and develop first gold deposits.
Randgold geologists were sharply exploring its portfolio of fifteen permits elsewhere within the country for more multimillion-ounce gold deposits.