Tongon mine

Randgold Resources has announced that the company’s Tongon gold mine located in the Ivory Coast, West Africa, is on track to achieve its production and cost guidance for 2015.

In 2014, significant progress was made in dealing with the recovery, as well as throughput challenges that troubled the operation in the mine’s early stages.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

As part of an upgrade, the Tongon mine’s crushers were replaced after initial equipment failures, in addition to completing initial phase of a flotation circuit upgrade.

Randgold Resources chief executive Mark Bristow said that the commissioning of its new flotation circuit and the ongoing expansion of the crushing circuit were having the expected impact on production and costs.

"Ultimately, projects like these succeed only when there is a significant engagement by government, at central, as well as local level, and when the local community is actively involved."

According to Bristow, the construction of the upgraded flotation circuit is complete, while automation and optimisation are in progress.

See Also:

Sandvik and Randgold are jointly working on optimising the crushing circuit upgrade in a bid to meet the planned production outputs at the mine.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

According to the company, the mine is expected to produce some 260,000oz of gold at a total cash cost of $820 per ounce in 2015.

As operational pressure is easing, management is expected to improve Tongon’s ambitious social initiatives, which have been designed to develop a sustainable agribusiness.

The strategy comprises two components, which include an industrial agribusiness to replace the mine after its closure and a community agribusiness that is based on small farming operations.

Bristow said: "Ultimately, projects like these succeed only when there is a significant engagement by government, at central as well as local level, and when the local community is actively involved."

Image: The company replaced the Tongon mine’s crushers in 2014 as part of an upgrade. Photo: courtesy of Randgold Resources Limited.