Randgold to lower performance due to Ivory Coast situation
- Publishing Date
- 24 Dec 2010 10:14am GMT
- Mining Journal
Mark Bristow, Randgold chief executive, said the Tongon mine, which is located in the north of country, continued to operate, albeit on a curtailed basis.
He said: “Following the commissioning of the first stream in October, the second mill was commissioned on time at the end of November.
“However, the completion of the second stream has been delayed by the non-delivery of a number of key components which have been held up in the Abidjan port and by shipping delays caused by the political crisis in the south of the country.”
Owing to the political situation and the possibility of further delays the mine will continue to operate on one stream, Mr Bristow added.
Randgold’s fourth quarter and year-end performance will also be negatively impacted by a below-target contribution from the Loulo mine complex in Mali, the company said.
Mr Bristow said throughput at the complex has been impacted by some overruns on mill relining and extended downtime for the upgrade of the switchgear following power interruptions earlier in the year.
Companies in this article
Visit the links below to read profiles, see stock information and read all news on companies mentioned in this article.
ALSO IN THE ARCHIVE...
More News By Subject
The Prospectors & Developers Association of Canada (PDAC) is seeking an Executive Director (ED) to oversee its operations from its headquarters in Toronto, Ontario
Recently published Reports:
No results were found