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Tongon to start production in October

Randgold Resources CEO
Mark Bristow inspecting
core at Tongon with
government representatives
Tongon Mine, Ivory Coast — MININGREVIEW.COM — 26 April 2010 – International gold mining and exploration company Randgold Resources Limited says its Tongon mine in the north of Ivory Coast will start production in October.

“We expect to produce 75 000 ounces of gold in 2010, “Randgold CEO Mark Bristow said during a visit to the project.

He added that the mine would ramp up to about 280 000 ounces of annual gold output from 2011 through 2013, and that total output from the mine during its projected 11-year lifespan would be 2.84 million ounces.

Bristow said the cost of the project, which employs about 1 600 people, was US$280 million (R2.1 billion).

Ivory Coast is the world’s largest producer of cocoa, but is seeking to boost revenues from gold mining to diversify its economy. The country’s gold output tripled in 2009 to about 6.94 tonnes.