African gold major Randgold Resources has entered into three new joint venture (JV) agreements with juniors in the Democratic Republic of Congo (DRC), bringing its groundholding in the country to 6 539km.
This has been spurred on by Randgold’s success with its Kibali gold mine, in north-eastern DRC.
Randgold Resources has partnered with Loncor Resources, Kilo Goldmines and Devon Resources which hold exploration permits along the Ngayu belt.
“Despite the challenging market conditions currently facing the gold mining industry, Randgold Resources continues to invest in its future, in line with its strategy of creating value for all its stakeholders through the discovery of world-class gold deposits and their development into profitable mines, says Randgold Resources CEO Mark Bristow."
“We believe the 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, among other things 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,” he said.