Seeking Alpha

Randgold says Ivory Coast mine won't be affected by mining code debate

  • Randgold Resources (GOLD +0.4%) says it received assurances from Ivory Coast that the convention defining its investment in the Tongon gold mine won't be altered as the government continues to debate the structure of its mining code.
  • CEO Mark Bristow says the gold price slump plus continuing uncertainty about Ivory Coast's mining code has forced miners to delay or downsize projects, but believes a reasonable mining code will be decided, adding that GOLD continues to make investments in the country.
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