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"Tongon has been consistently profitable and in 2020 again paid a $150 million dividend to its shareholders." - Mark Bristow
Randgold Resources’ Tongon gold mine is seeking to restart mining and processing operations based on the agreement entered into between the workers’ leadership, union representatives, local authorities, mine management and the government’s mining and labour ministries.
Randgold Resources has forecast that its Tongon gold mine could produce less gold than originally anticipated for 2018, but adds that it will look to implement processes to recover most of the lost output.
Randgold Resources says intermittent industrial action by the workforce of its mining subcontractor is having some impact on operations at its Tongon gold mine. The subcontractor has been negotiating with its workforce to achieve a...