Randgold doubles dividend as CEO charges against DRC mining code

Africa-focused gold producer Randgold Resources (LON:RSS) has doubled its full-year dividend after solid 2017 results, but it’s warning the good times may be over soon as it’s now facing demanding new regulations in Congo, one of its key jurisdictions. The company, which has five operating gold mines across west and central Africa, boosted shareholder payout by 100%[…]

Randgold’s Kibali mine in DRC to achieve full production this year

Africa-focused gold producer Randgold Resources (LON:RSS) said Monday it expected its Democratic Republic of the Congo mine to achieve full production this year, following the commissioning of its underground operation’s automated ore handling and hoisting system. Mine is on track to produce its target of 700,000 ounces of gold in 2018. The company, which has five operating[…]

Activists urge Congo government to pass new mining code

Activists in the Democratic Republic of Congo are pressing the government to revive plans for a new mining code, claiming the country, which is Africa’s top copper producer and the world’s largest source of cobalt, needs the higher revenues a revised legislation would generate. Congo began reviewing the 2002 mining code in 2012 and last[…]