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MEI Online: Commodities: Metallic Ores: Gold: Latest News: October 6th 2005

 
 

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:: Randgold Resources Pours first Gold at new Loulo Mine

London and Nasdaq listed gold miner Randgold Resources today announced that it had poured the first gold at its new Loulo mine in Mali, signalling the start-up of production.

Chief executive Dr Mark Bristow said the mine was expected to build up to design levels of commercial production in October, with its first commercial shipment of bullion due in November.

Loulo is the second world-class gold mine discovered and developed by Randgold Resources within five years. The other, Morila, has produced almost 3.5 million ounces of gold since it was commissioned in October 2000.

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